Europe/US Relative Strength at 30-Year Channel Support

2016-12-06 · by · in Equities, Europe, Ratios, Spread Trade, SPX, Technical Analysis

As broken as the EU is, the ratio of the STOXX 600 vs. SPX now sits at 30-year channel support (panel 1), with the last six months of under-performance ostensibly driven by crack-up fears (BREXIT, Italy, etc.). Also note that…

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