This indicator measures the relative strengths of global equities, commodities and U.S. Treasuries. Markets which are trading above 0 and which are trading above other markets should be preferred. If riskless U.S. Treasuries are trading above 0, the technical market environment for risky asset classes remain outright weak.
Bullish: Global Relative Strengths Index of underyling market above 0
Bearish: Global Relative Strengths Index of underyling market below 0