SP500/EUSTX50-Relative value to adjust a bit in favour of Europe

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The spread between the two markets has reached an important support level at the daily Kumo.
Now looking at the Heikin Ashi signal the spread should start to sink a bit again, which means it is time to buy some EUSTOXX50 index vs selling SP500             as a relative value trade. The trade can be important for those who opened the long direction last time I recommended, and maybe can be some fun also for those who do not have any outright position in equity mkts right now, but would like to do some less risky non directional trade.

Kumowizard PRO
2 years ago
Due to further and increased selling in EUSTX50 index yesterday, the spread has widenned further, and broke through supp/resistance line. Still within the Kumo. I expect some form of a pull back, but given the position of the future Kumo it looks like Europe's relative overperformance is over for now.
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