Dow Jones Analysis on September 14 2012 for Dow Futures

Dow Jones Continue to soar after QE3 was approved.  19/30 Counters in Dow Jones was in positive while the other 11 counters closed negatively.

Let check the Dow Jones Chart which was closed on 14 September for Dow Futures/ Stock Investors

Indicators ( Note using Fibonacci retracement to plot out the new support/ resistance because now it is all time high)

1 ) Trendline - Above the bullish trendline (Bullish)
 2)  Support/Resistance - formed Higher high and all high( Bullish)
3) MACD - Bullish Crossover and remain green. ( Bullish) . If 4G1R, better watchout for bearish reversal
4) RSI - Broke the 70% overbought resistance ( Bullish) but if observed carefully it is retracing. Watchout if it goes near back to 70% because currently it is a overbought position which means profit taking will take in place

 5) STO - Broke 80% and going up. ( Bullish) but if observed carefully it is retracing and closing in closer to the red line.. Watchout if it goes near back to 80% because currently it is a overbought position which means profit taking will take in place

6) Ichimoku -  a) Above  support cloud (Bullish).
                       b) Conversion line cross base line (Bearish  Crossover).
                       c) Price above the baseline ( Bullish)
7) Candlestick - Shooting star was formed (Slightly Bearish)

Next Rrading Day :
 - Black Candle : Watchout for possible bearish reversal

-  White Candle - Negate the Bearish effect and will continue to be bullish

Conclusion:
Bullish

Resistance at  13932 / 14156 / 14338
Support at 13570/13348/ 13242/ 12984 / 12803