Sensex Likely to Outperform S&P 500 in the Very Short Term

RRG Charts shows how world indices is positioned relative to S&P 500. BSE Sensex and Chinese SSEC are showing positive momentum. Hook reversal witnessed in BSE Sensex with regaining momentum and relative strength. Other world Indices like Nikkei , Hang Seng, CAC, DAX , FTSE are showing increased momentum but with decreased relative strength which indicates possible underperformance in the very near term for these indices relative to S&P 500.

BSE Sensex – Leading Quadrant
SSEC – Improving Quadrant
DAX, CAC, Nikkei – Lagging Quaddrant
FTSE, HSI – Weakening Quadrant

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