Relative Rotational Graph for Major World Indices in relation to S&P 500 – Animated Version since 1st Nov 2016 to 14th DEC 2016 is shown above. RRG Charts helps you to visualize sector sentiment. Currently Brazil Bovespa, Hang Seng, Shangai Composite are showing falling momentum and likely to travel in Lagging (deep under-performance) quadrant for some time i.e those indices could underperform S&P500 in the shorter term.
However momentum is rising in Indices like Nikkei, CAC, DAX. When comes to Indian Markets BSE Sensex is yet to show some revival as currently orbiting in the improvement quadrant with falling momentum.