Dow Jones Industrial Average - This old economy benchmark index has encountered resistance at the 10600 levels whereas we had advocated a selloff at the 10670 levels in the previous weeks edition. The reversal is also a bar reversal as the intraweek high is the significant high of the current upmove. Support is likely at the 10280 levels in the coming days.

Your call  of  action - Since Indian investors are not allowed to trade in overseas markets, this  is  a  pure academic study.

Nasdaq - This technology laden index is making similar moves as the Dow Jones above. The 2015 / 1995 levels remain a crucial support area below which this index should not sink, if the uptrend is to continue. The 2120 levels will be a resistance area.

Your  call  of  action - Since Indian investors are not allowed to trade in  overseas markets, this is a pure academic study. 

FTSE - This UK index has also exhibited a bar reversal as the index has closed lower than the open. The 4890 levels advocated last week have not been achieved and the support at lower levels will be seen at the 4635 levels. The 4850 - 4875 levels will be a resistance area in the coming week.

Your  call  of  action - Since  Indian  investors  are  not  allowed  to  trade in  overseas  markets, this  is  a  pure  academic  study.