Strong Rebound

DJ Resistance:  18,668      All-time high
                           18,470
                           18,447      September gap unfilled
                           18,351      Old all-time high
                         
DJ Support:     18,247      August low
                          18,211      50 Days moving average
                          17,995 - 18,016 Strong
                          17,888.28 November low
                          17,800      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
                          15,451      Strong
                          15,370.33 2015 low

Technical Analysis:
As I explained in the last week blog the possibilities to breake down the support at DJ17,995-18,016 were more probably than a bounce up. The market went down last week doing November low at DJ17,888.28 but what a bounce up on Monday and Tuesday.
The bounce up put DJIA in an uptrend and should be very well supported after technical analysis. It is over DL18,211 (50 days moving average) and DJ18,247 (August low). This engulfing move to the upside in the last 2 days is very bullish but the future of this hectic move depends on the U.S.A. elections
Technically the trend is bullish-leaning, but I would see the afterward of the elections.

Please click over the chart to enlarge it.

Fundamentals: 
Well, elections ended and now all will going to work.
The market took Hillary Clinton as positive for the stock and Donald Trump as negative. In my opinion the U.S.A. economy is doing well and the economy drives the financial markets.
Volatile is going to be present every moment but the calm will be back. I still expect a rally before the end of the year. We have to see how the world, the markets will assimilate the Donald Trump's triumph and naturally his actions as President of U.S.A. Actually I am optimistic with the U.S.A. economy and with the new administration. U.S.A. is a strong democracy with balanced powers where one does not do what he wants.
Dear traders and investors, not too much to say. Markets reacted negatively but the waters will return to their course. Expect volatility. For example I think the probabilities for higher prices of pharmaceutical corporations like Pfizer are very possible. Stay cool and calm and do not forget the rally is in the way

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