Look At US Equity Bull In Terms Of More Serious Currency

There is a lot of excitement in the US about the stock market performance lately. However, I decided to look at US equities in EURo terms, and not the US dollar that is supposed to be "quantitatively easyfied" again.

This is MSCI USA Standard Core Net Index in EUR, courtesy of MSCI. Click on chart to enlarge.

While a lot of bullishness just before breaking out in terms of more serious currency, the technicals are "rolling over". While true bulls may continue to advance ...