In previous blogs on international (equity) markets I used to plot all markets on one RRG canvas which makes a pretty crowded picture. As most individual ticker symbols are from European markets which are much more fragmented than other global regions I have grouped them together by using one ticker ($STOXX600). This will show the movement for European markets as a whole and I will investigate the European universe separately. This makes the Relative Rotation Graph easier to read and secondly shows a good example of how you can use RRGs in a top-down approach!