In spite all of the market angst earlier in the year, the S&P 500, NASDAQ and Russel 2000 never broke trend (50 DMA dropping below 200 DMA).
On the international front Developed Markets are right at trend (50 DMA = 200 DMA) while emerging markets just broke trend this week, potentially implying further downside from here. This isn’t really surprising given the strengthening dollar trend coupled with increasing concerns over a trade war.
I know valuations look more attractive overseas, but the trend is definitely looking more favorable in the US.