Dow Jones without a trend during March?

DJ resistance:  16.576,66  All-time closing high
                          16.520
                          16.410

DJ Support:      16.174       November's peak
                          16.122       50 days moving average
                          16.040       Strong
                          15.721       Very strong
                          15.304,23  Strong

Technical Analysis:
The DJIA and S&P backdrops that we have seeing in the last 10 days are positive showing the possible uptrend. Why? Because DJ backdrops have reconfirmed technical supports at DJ16.174 (November's peak) and DJ16.140 (50 days moving average). Still more, the DJ16.040 was confirmed 8 days ago. The S&P has the same pattern at SP1.850 and SP1.838.
The DJIA over DJ16.040 is positive and keeps the promise to see the all-time high again, below that level this possibility would be negated for a time.

Please click over the charts to enlarge them.

 Fundamentals:
Dear traders and investors, I am still optimistic with the stock market and I like the long side. At this time we are confronting a lack of conviction for the bulls, they appear only at the technical supports which is positive for the market. They are right because the last economic news are neutral or light positive. For the rest of the week we still have some important news coming. I am sure that economic news for next week are going to act as a catalyzers to move the market. Where? It depends on what they are going to show. Personally, I think we are in a solid recovery, not strong for the moment.
Not too much to comment this week because the Dow Jones Industrial Average is trapped in a range, this is good because is consolidating its advances.
Stay cool and do not lose the discipline, when we have to wait, we wait but always in alert never complacency.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!

Ulises