Dow Jones Industrial Average - this old economy index is showing a weakness on the weekly chart and is headed for the long term SMA's. The momentum oscillators are showing weakness and the 10370 levels are a critical support on this index, below which a steeper fall is likely. Upsides are likely to see resistance at the 10600 levels.

Your call of action - this is a pure academic study.

Nasdaq - this new economy index is also showing signs of weakness as the 52 week SMA has been violated on a closing basis. Resistance will be seen at the 2040 levels. Downsides can see 1944 levels.

Your call of action - this is a pure academic study. 

FTSE - this UK index is likley to see some more pressure on the downsides and all rallies are likely to be mere pullbacks. A support at the 4800 levels is likely. A bullishness is likely only above the 5175 levels.

Your call of action - this is a pure academic study.