In addition to looking at individual companies in the relative strength point-and-figure methodology, we also have the ability to look at aggregates such as the MSCI World country indices.
A quick look at the European countries reveals a disparate bunch.
Some are in significant downtrends that will take quite some time to repair:
While some are closer to challenging historical downtrends:
And then there are those that are stuck in trading ranges:
The countries that have been in uptrends seem to be encountering resistance:
The only country that appears to be in a more constructive configuration is Germany: