Sensex and European Markets Likely to Underperform S&P 500

RRG Charts shows a possible underperformance from the Major World Indices like Sensex (India), FTSE (U.K), DAX (Germanay) as the relative momentum and relative strength declines relative to S&P500 and also rotating in the lagging quadrant.

However outperformance can be from the indices like Straits (Singapore), Brazil Bovespa (Brazil) and SSEC ( Shanghai) which shows increased momentum and currently in the leading quadrant or in the transition from improving to leading quadrant.

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