Dow Jones new all-time record high

DJ Resistance:  17,638     New all-time record high


DJ Support:       17,411    Prior all-time record high
                            17,278    Light last 8 days low
                            16,990    Strong
                            16,588    Strong 2013's peak
                            16,320    Strong
                            16,015    Very strong
                            15,850    Very strong

Technical Analysis:
DJIA (Dow Jones Industrial Average) broke up its all-time record high and its scenery is bullish.
First support at DJ17,411 and next at DJ17,278. Those levels are important to target new historical highs.
DJIA and S&P have done new all-time record high and NASDAQ COMPOSITE did its fourteen years high. The three indexes are supported by the 20, 50 and 200 days moving averages.
The market didn't rest and the election acted as an upward catalyzer.
The trend in the medium and short term is solidly to the upside.
If the "V Reversal" is confirmed this time, the target would be DJ18,600.
The S&P way is clearly to the SP2050 before the year's end and DJIA should try DJ18,000. The NASDAQ Composite looks for its all-time high.
Technical analysis indicates enough space to continue to the upside.
Please click over the chart to enlarge it.

Fundamentals:
I have explained about the U.S. recovery and the weakness in the rest of the world, the positive expectations for the European Central Bank possible intervention to stimulate the economy, and so on.
We are going to see a correction, markets needs 10% at least to get honest stock prices in the new market reality, but when?
Not for the moment. I was wrong in my speculation of hectic days (they have been meet and continue), rest (this not accomplished), and Thanksgiving rally.
The stock market is in a fueled momentum to the upside, then let's go with the tide!
S&P 2050 is a target before year's end.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!

Ulises