Global Equity Indices: Acting in Amazing Syncronization

Just like last January or early February, most of the global indices have again taken strong support @55 SMA or 21 EMA and has signs of strong bounce from there. This Friday (Mar 5th), while Indian markets were extremely weak it respected the lows it made last Friday (26th Feb). Given global markets have bounced strongly post the close of Indian markets, as long as lows of Friday (26th Feb) is respected, the uptrend may continue. Their are obviously few hurdles to be crossed before the market turns completely bullish