The World at the 200 Day Moving Average

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