Dow Jones technically on support

DJ Rsistance:  18,351     All-time high
                       18,206     Breakout
                       18,104     2014 Peak
                       17,810     Important
                       17,579     Very important
                       17,050     Very strong
                       16,667     Upper limit of the tranding range
                       16,460     Light

DL Support    15,980     Lower limit of the trading range
                       15,942    September low
                       15,651    Important
                       15,370    Very important

Technical analysis:
DJIA is still working in its range DJ15,980-16,667. We can affirm that the lower limit supported although today's attempt to break it down.
The support at 15,651 is the next bear's target. Volume increased which means that buyers and sellers came in and fought.
In the long run the DJIA bias is bearish, the bulls need DJIA overcomes DJ16,667 and sleeps over DJ17,050. Technical repairs of the charts are needed if the long term bull market is going to continue.
Charts show a bearish bias in the medium term and possibly in the long run. We have to watch the actual support in the "10 Years Monthly Chart".

Please, click over the charts to enlarge them.

Fundamentals:
Fateful October for stocks and financial markets is "ad portas". Participants and investors do not like uncertainty which is the case right now, they need to clear if the trend is up or down, never doubt.
Important Economic data is coming in October, unemployment rate, non-Farm payroll, U.S.A. and China manufacturing, and so on.
Dear traders and investors, we are going to face a hectic October. There is not much to say because the volatility is high, up or down, due the uncertainty and the August and September weakness. Earnings season is also coming. Bottom? It not easy to define where. I think that the volatility will continue and probably we are going to see lower levels, but I expect a bounce in the next three months.  The market direction depends on economic data coming. The important is to stay cool, do not take emotional decisions, do not liquidate your assets in the down days that is capitulation. I still see a robust U.S.A. economy that is my foundation to expect a bounce. European Community is doing better, EM (Emerging Markets) are complicated specially Brazil. Volkswagen weighs in the financial markets, we'll see what happen with it and it is going to propose a solution for the 11 million diesel cars.
Stay cool! That attitude is needed in these times.

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