DJIA New Old-time High

DJ Reistance:  18,934      All-time high

 DJ Support:    18,668     Old all-time high
                          18,636     August highs
                          18,470
                          18,247     August low
                          17,995 - 18,016 Strong
                          17,888.23     November low
                          17,861     200 Days moving average
                          17,579     Inflexion point
                          17,433
                          17,125      Very strong
                          16,933.43 Strong September 2015 high
                          16,667      Inflexion point
                          16,520
                          15,980      Very strong
                          15,450      Strong
                          15,370.33 2015 low

Technical Analysis:
Just during the counting of votes on November 8th. night the market got a sell off. The DJIA went under DJ17,900 and bulls came back producing a bounce upward. A new "V Bounce" is formed like with Brexit reversal. DJIA has done a bounce of 1,050 points from November low and the index entered in uncharted territory again.
Supports are well defined at DJ18,470 and 18,247. The area DJ17,995 - 18,016 is a very strong support.
S&P has not done new all-time high. It is at 8 points of the higher closing SP2,190 and 12 points to the all-time high SP2,194.
The short and long term trend are firmly leaning-bullish.

Please click over the chart to enlarge it.

  

Fundamentals:
It was clear to me the coming rally once the uncertainty of who would be the new President of U.S.A.
This rally is done on positive perspective in the U.S.A economy and growth.
The market is still in earnings season and in the next 15 days we are going to receive a lot of economic news like producer price index, industrial production, capacity utilization, consumer price index, housing starts, leading indicators, etc. The economy is doing well and the market is optimistic about it.
If the FED is going to hike the interest rates we should short the bonds in the market. The possibilities for that increase are high but we have to evaluate if it will be done in December or with the new administration next year.
After positive news like Retail Sales on Tuesday which were better than expected, the fourth quarter of GDP is estimated now in +3.3%.
Dear traders and investors, rally is in the market, DJIA did new aa-time high. I think that S&P will do it this or next week.

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