Dow Jones Industrial Average - this NYSE old economy index is trading at the 6 month highs and shows signs of consolidation as the momentum is flagging. The outlook will remain bullish as long as the 10,600 remain un-violated. The upsides may see the 10770 - 10800 being tested.

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

Nasdaq - this technology index is out performing the Dow Jones index and the short term support is at the 2130 levels. As long as the 2100 levels are not violated, the outlook will remain positive. Upsides will see minor resistance at the 2198 levels and 2220 level will be a formidable hurdle. The outlook remains positive.

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

FTSE - this UK index is trading at 3 year highs and is likely to witness support at the 5140 levels. As long as this level is not violated, expect the uptrend to remain intact. Minor resistance at the 5285 will be seen and above this level, the upmove maybe accelerated.

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