Bull Market: we could see higher mouvements

DJ Resistance:  18,351        All-time high
                           18,318.39   All-time close
                         
DJ Support:      18,206       Breakout
                           18,054-18,103  2014 peak
                           17,910
                           17,750
                           17,579       Very strong
                           17,510     200 days moving average
                           16,990-17,050  Very strong

Technical analysis:
DJIA got new all-time high and close this Tuesday. Those are very constructive for the possible next up leg.
Strong support should be at DJ18,206 breakout point.
Consolidation range is DJ16,990-17,050 to 18,351.
DJIA is breaking out in a boring way in the last six months, let's say they are sluggish with low volume and after them, market retraces. There are not explosions when the DJIA breaks out.
Dow Jones is to the upside and very well supported, we should see positive legs.
Stay long over DJ17,579.

Please click over the chart to enlarge it.

 
Fundamentals:
The economic news and the corporate earnings are weaker than we have expected and the stock market continues to go up in a sluggish way during these last six months or during 2015.
Bull market means that stocks goes up, it is necessary a recession or something like that to change that tendency. That could explain why the stock market maintains its up movement although the the light weak data.
 I could list the last data like the industrial production reported last Friday and consumer sentiment but I think that you know it very well.
Dear traders and investors, my opinion is that the up trend will continue, May is hard to trade for me but I think it is time to lighten long positions. If we are going to have a Summer Rally we need better corporate earnings and that would reflects better jobs.

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