Dow Jones Analysis on September 12

 Will Super Bernanke save the day?




There are about economist predicting that 65% to will have QE3.. Who wants to gamble today :)

  Indicators

1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Higher high and all high( Bullish)
3) MACD - Bullish Crossover ( Bullish)
4) RSI - Rebound at 50% and going up ( Bullish)

 5) STO - Broke 80% and going up. ( Bullish)

6) Ichimoku -  a) Above  support cloud (Bullish).
                       b) Conversion line touching base line (Bullish if Conversion break apart or bearish if bearish crossover).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Shooting star was formed ( Bearish Reversal?)

Conclusion:
Bullish

Resistance at 13348 (All time high resistance)
Support at 13299/ 13134 / 13010