Dow Jones Toppish?

DJ Resistance:  18,103.45

DJ Support:      17,250 (September peak DJ17,278)
                           16,990  Very strong and 200 days MA
                           16,588   2013 peak

Technical Analysis:
Christmas rally drove the DJIA to its historical top DJ18,103.45. The S&P could not get SP2,100 and stopped at SP2,094.
DJ has corrected in the last streak six days. The damage is important and it has done with volume. The index approached two important battle fields, DJ17,250 (almost September peak) and DJ16,990 (please watch the one year daily chart and the ten years chart).  They should attract buyers. 200 days moving average is an important indicator when is trending. Dow Jones, S&P and NASDAQ COMPOSITE are supported by the 200DMA. The three have violated the 50 days moving averages. S&P and NASDAQ COMPOSITE broke down their September peak.
The short term is complicated and we are ad portas of a big battlefield, the more positive is Dow Jones but could it support the other two indexes? I think these supports are important.
The long term trend is still constructive to the upside. Please watch the 10 years monthly chart and you will realize it. Also it is clear that the DJIA touched the upper resistance in the uptrend channel from March 2009.

Please click over the charts to enlarge them.

 Fundamentals:
2015 has begun with two economic news not so positive. We have to pay attention this week to ADP employment, trade deficit, FOMC Minutes, non-farm payrolls, unemployment rate and wholesale inventories. We have to navigate in a hectic see.
I am still comfortable with the U.S.A growth but EU, China, Japan, India, Russia and the emerging markets are in the other side besides geopolitical aspects. This allows me to read low interest rates for almost three quarters of the year. I work hard trying to clarify the 2015 economic behavior and environment. Oil is a heavy factor for all the world, its impact is not so clear yet because some countries are going to have more money to stimulate their economies and others less. The equation is not so simply due the social storms that may occur around the world.
Dear traders and investors, we are facing cloudy skies at the 2015 beginning, keep cool! I remember I felt the same in January 2014. Life is dynamic not static and we will be successful together.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises