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Dow Jones Analysis on September 26 2012 for Dow Futures

Written By Unknown on Thursday, 27 September 2012 | 8:51:00 pm

Today Global Market Sector Rise as China Goverment would step in to aid the country's slow growth.
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Let check on the Stock Analysis Chart for Dow Jones which was closed on 26 September 2012



Indicator
1) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Higher high ( Bullish)
3) MACD -  Bearish Crossover (Bearish)
4) RSI - Broke below 70% (Bearish
5) STO - Bearish Crossover and broke below the 80% support -(Bearish)
6) Ichimoku -  a) Above  support cloud (Bullish). 
                       b) Conversion line above the base line (Bullish
                       c) Price above the baseline ( Bullish)
7) Candlestick - 3 black continuation candles after a shooting star. (Bearish) 

Conclusion:
Bullish

Might observe a healthy retracement towards 13348 before going up again

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