Dow Jones Chart Analysis 14 November 2012

Indicators

1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Formed lower low and lower high ( Bearish ) 

3) MACD -Bearish Crossover  ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 30% (Bearish) ,

5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming entering from the support cloud (Bearish).

                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle  (Bearish).

8) Market Sentiment - Negative from  USA 600B Fiscal Worries Refer link

Conclusion:

Bearish
Broke below the Support cloud which indicates bearish and now testing the next support at 12531

Resistance-  12716 / 12794 / 12964 / 13057 / 13134 / 13335 / 13583

Support -  12531 / 12314 / 12237 / 11757 / 11649