A simple update noting that like Japan before it, Europe is now making a bullish move vs. the S&P 500. Here is the daily chart of the Euro-hedged HEZU vs. SPY.
I made good on what I’d speculated in NFTRH 471 and added HEZU yesterday. The key here is to stay above the (black) SMA 200. If that happens, this would likely eventually turn the so-so weekly chart bullish.