Dow Jones new all-time high

DJ Resistance:  22,179.11 New all-time high
                           21,930
                           21,840
                         
DJ Support:      21,682       July peak
                           21,535       June peak
                           21,485       50 Days moving average
                           21,305
                           21,200
                           21,115       Strong breakout
                           20,980
                           20,800
                           20,590
                           20,410       200 Days moving average
                           20,400       Very strong
                           20,125       January peak
                           20,000
                           19,732
                           19,678       January low

Technical Analysis:
DJIA was notching 9 straight record closes until this Tuesday. S&P is consolidating in a range during the last days. Let's say that DJIA is the strongest between the three indexes.
July peak DJ21,682 is the strongest support for DJIA in the short term and for S&P is SP2,453 (June peak).
The three indexes shows a constructive pictures in the medium term. S&P has to fight to clear SP2,500, the breakout would open higher perspectives for the market.

Please click over the chart to enlarge it.

Fundamentals:
Economic news and corporate earnings season show the path to a higher levels in the stock market. The summer doldrums begin this or next week. The weak ISM Services report last week could not stop the Dow Jones 9 session winning streak closes. S&P target in the near term is SP2,500 and we should see it at SP2,600 before the year's end.
Last Friday jobs growth announcement and the unemployment rate at 4.3% pushed up the interest rates which affects the bond market because it could bring wage inflation. If you are in the conservative bond market it is time to asses them and consider to discharge the positions and maybe to short them.
Geopolitical is affecting the markets right now with the North Korea menace about Guam Islands and Mr. Trump answer "fury and fierce".
Dear traders and investors, markets should consolidate their advances into the next four weeks in my opinion. Markets could be boring or very volatile in this period, it is hard to anticipate because the volume has increased this year and the low interest rates are walking orderly to the upside besides the geopolitical unbalance. I am still bullish with the stock market.

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