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All indices globally have bounced violently since the Christmas lows. We note that pretty much all global indices we look at are at the 200-day moving average, some have a tendency to overshoot slightly. Presented without much comments.
NASDAQ at 200 day moving average.
SPX tends to overshoot the 200-day average.
Crowded and loved Emerging Market ETF, EEM US, at the 200-day moving average.
Shanghai Composite at the 200-day average.
MSCI world index right at the 200-day moving average. It seems the world is at the 200-day moving average.
Source; charts by Bloomberg