Correction Warning Across Global Markets — The Levels That Will Decide This Week | 18 May 2026

After weeks of resistance at key levels, the global indices are flashing caution. The Dow, NASDAQ, S&P 500, and Russell 2000 all produced indecision or bearish candles last week, and a break of those lows this week could trigger the correction that has been overdue for some time.

Gold and silver are weakening, Bitcoin is threatening a move back to $74,000, and crude oil is the one commodity bucking the trend — looking more bullish than bearish as oil demand in dollars remains supported.

This week the focus is squarely on the war, the oil price, and what that means for everything else.

Timestamps

0:00 – Global markets overview: correction warning signals across the board
0:16 – Dow Jones: four weeks of resistance at 49,650, watching for break of last week's low
0:42 – NASDAQ: indecision candle, correction to 26,000 overdue — watching the low
1:30 – S&P 500 and Russell 2000: bearish weekly closes, correction targets mapped
2:55 – FTSE 100, DAX and Euro Stoxx: sellers taking control, support tests this week
4:42 – Nikkei, Hang Seng and ASX: parabolic but not yet correcting, ASX breaking lower
5:35 – Crude oil: bullish candle, healthy MA geometry, targeting 110 this week
6:10 – Gold: three weeks of sideways, break of 4,500 targets 4,350
6:30 – Silver: strong rejection last week, support test — character changing if lows break
6:50 – Bitcoin: weekly uptrend breaking down, downside to 74,000 now on the table

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Educational market analysis only.
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The views expressed are my own and reflect market conditions at the time of recording.
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