Dow Jones Industrial Average - as forecast by us last week, this NYSE index has been unable to hold on to gains and displayed a lower tops and bottoms formation. The channel top has proven to be a formidable resistance and the 52 week average could not be surpassed. The 10085 levels will be the near term resistance and support is likely at the 9780 levels

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

Nasdaq - this technology / biotech laden index also displays a similar chart pattern as the Dow Jones, though the level of attrition is less. The index has been making lower tops and bottoms formations and the is unable to trade above it's 52 week SMA. The immediate support is likely at the 1870 levels and the resistance at the 1960 mark

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 had shown promise in the last fortnight, but flattered to deceive as the markets could not hold onto their gains. The 4750 levels become the immediate top in the coming days and 4520 the immediate support.

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