Dow Jones Industrial Average - the NYSE benchmark has been subdued as the newsflow about the interest rates has dampened short term trading sentiments. The 10500 levels are likely to be a formidable hurdles for now and support is likely at the 10110 levels.

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

Nasdaq - this new economy benchmark is performing better than the Dow Jones in relative terms and is making a lower top formation. Unless the 2120 levels are surpassed consistently, the next phase of the rally is unlikely to commence. The 2000 psychological threshold is likely to be a critical trend determinator in the coming week.

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

FTSE - this UK index has out-performed the US indices and is likely to remain a relative out-performer. The 4960 levels will be the short term support and 5265 will be the upside target in the coming week.

Your call of action - this is a pure academic study