Bull Trend, DJIA 20,000?

DJ Resistance:  19,988      New all-time high
                           19,975      Last closing

DJ Support:      19,966
                           19,750
                           19,510      20 Days moving average
                           19,200      Strong
                           19,090
                           18,800      Strong
                           18,668      August & old all-time high
                           18,247      August low
                           18,000      Strong
                           17,833.23 November low
                           17,579     Inflection point
                           17,125     Very strong
                           16,520
                           15,980      Strong
                           15,450      Very strong
                           15,370.33 2015 low

Technical Analysis:
DJIA is approaching DJ20,000. It is important to remark that the trend is leaning bullish although the FED increased the interest rates last week. It was discounted by the market. The stock market is in a rally from November low.  DJ20,000 is besieged by the bulls, will this time resist their attack? It seems that the DJ20,000 will be surpassed by the bulls. The trend is to the upside and the backdrop shows a leaning bullish.
It would be very important to consolidate the advances of the market but this is Christmas Rally, volume is very high and the markets are measured at their resistances.
Please click over the chart to enlarge it.

Fundamentals:
We expect positive numbers for 4th. Quarter and 2017 quarters with relation to the GDP because the interest rate hike seems to be orderly and there are signs that corporations are going to invest and individuals are going to spend more, both were waiting for the elections results. If that, it would be worth to be invested.
DJ20,000 and S&P2,300 are next target for bulls.

Dear traders and investors, we are in rally mode, Christmas Rally, stay long stocks, the trend is to the upside and economy is doing well as some corporations. The consumption plays important role in the U.S.A. economy and it is robust.  The stock market had a difficult behavior during the last three years to make money. The last two months up move has been a great change and offers an optimistic future for 2017.
We have had difficult times for trading and investing because the market stayed in a range with big surprises Brexit and U.S. election movement, but we were always optimistic with the bullish mode and we were awarded with November and December rally. I wish you Merry Christmas, Happy Holidays and a Happy and Marvelous New Year!
We will be always working together and I am very happy for having helped you to navigate in these so turbulent seas.


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