US equities failing against Developed Markets

US S&P 500 stocks (SPY) have been in a continued uptrend when plotted against equities of Developed Markets ex-US (VEA). Of late, that trend has really reversed and SPY is breaking key levels, to possibly be challenging that LT uptrend channel.
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend AnalysisVEA

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