Toby Genaro from Trade with Precision deciphers the technical signals on two differing markets:

On one hand the S&P is looking bullish, potentially on a move back up to the most recent high. But on the other hand Japanese equities are looking rather sorted and bearish. Global equities do typically move in similar fashion ... reflecting a global economy. But in this case the more conservative play would be to stay with the stronger economy in the US based on what the technicals are saying.