Dow Jones touched resistance and bounced back

DJ Resistances:  18,103.45  All-time high
                             17,916
                             17,821
                             17,600

DJ Supports:      17,350        September high
                             17,262       September closing high very strong
                             16,990       Very strong

Technical Analysis:
DJIA failed its attempt to DJ17,916 resistance, stopped at DJ17,821(new resistance now) and went back to the downside. This is bearish for the very short term. The negative trend line worked very well aborting the up move. Please watch the green negative trend line on the last and this week charts
The consolidation range still is DJ16,990 to 18,103.45. The other clear range is DJ17,262 - 17,916. DJ17,262-17,350 should support the DJIA. If not, DJ16,990 is the last barrier in the short term. If both supports would be broken, we will face weakness in the market and we will witness a serious correction for the indexes.
The stock market trend is to the upside, the bull market is working from March 2009. The market is in a positive mood and trend over DJ16,990.
 Please click over the chart to enlarge it.

Fundamentals:
The ups and downs of the market show confusion. This comes from economic news, geopolitical, projections, Middle East, etc.
It seems to me that we are going to have a good stock market year based in U.S.A. economy growth and low interest rates due of EU central bank buys of the European Bonds to put more liquidity into the market. Europe needs to increase growth and fastest grow. China is going to grow below 7% in 2015 and emerging markets are weak.
The market is in full season of corporate earnings, some are excellent and some disappoint.
Dear traders and investors, the market is in a range, pay attention to that, and the catalyzers for this week are: FOMC Meeting Statement tomorrow Wednesday and Q4 GDP on Friday. Please put your emotions aside and trade according to your plans, the ranges are clear.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises