Dow
Jones Industrial Average - as advocated last week, the Dow is
unable to sustain it's 3 1/2 year high levels and has reacted lower. The
10660 levels will be the minor support and the resistance on the upside
will continue at the 10975 - 11000.
Your
call of action - This is a pure
academic study.
Nasdaq
- the Nasdaq is showing higher weakness than the Dow Jones and is likely
to test the 2015 - 2020 levels below which the weakness is likely to
accelerate. The upsides are limited to the 2180 - 2190 levels.
Your
call of action - This is a pure academic study.
FTSE
- this UK index is likely to test the 4875 - 4885 levels if the weakness
continues and the upsides are likely to be limited to the 5145 - 5160 in
the coming fortnight.
Your
call of action - This is a pure academic study.