Bull Case Still in Place

DJ Resistance:  18,289    All-time high
                           18,054    2014 close high

DJ Support:      17,600    Strong
                           17,360    Strong 200 days moving average
                           16,990    Very strong
                           15,854    Very strong

Technical Analysis:
DJ17,600 proved that it is a good support. Market tested that level, buyers were attracted and DJIA bounced up. There are not lower lows that is positive and constructive for the bull case
Daily chart shows clearly that investors are buying on the deeps. Volume is high which confirm the support and resistance's action.
March's low is working as an excellent support for DJIA and S&P.
DJ17,600-18,289 is the range for the short term and DJ16,990-18,289 is the consolidation range after the positive movement of the market during October, November and December 2014.
There is solid positive trend line coming from October's low.
Market bias is bullish and technically constructive. This is according to the technical analysis.
Please click over the chart to enlarge it.

  Fundamentals:
The first trimester ended with a small loss for DJIA. During this time lapse, DJIA got its all-time high (DJ18,289) in February and January and March were negative.
The market is expecting valuable economic news from tomorrow Wednesday. They are very important like ADP employment, non-farm employment, unemployment etc. All these economic news are strong enough to move the market.
Finally, European Central Bank launched quantitative easing (QE), FED is working on when the interest rates should hike, geopolitical is complicated as always with Yemen, Ukraine and Greece with its new government.
Investors in U.S.A. are worried with corporation falling earnings and the sluggish economic growth. The market is still optimistic with the stock market that explains the lack of the market's fall or sell-off.
Dear traders and investors, technical analysis shows a positive bias for the stock market although "sell may and go away". I think that the market will take direction according to the earnings season's results that begins in 10 days. We have to be ready to work hard these next four or five weeks.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises