Consolidation or Downdraft of Bull-Trend?

DJ Resistance:  23,602.12  All-time high
                           23,483
                           23,340

DJ Support:      23,250       October low
                           23,174       Gap
                           23,002       Strong, Gap
                           22,890
                           22,810       50 Days moving average
                           22,795
                           22,420       Strong, breakout
                           22,119
                           22,000
                           21,912
                           21,682       July peak
                           21,600       Strong
                           21,560       200 Days moving average
                           21,535       June peak
                           21,200
                           21,115
                           20,800
                           20,590
                           20,400       Strong
                           20,125       January peak
                           19,732
                           19,672       January low

Technical Analysis:
DJIA showed a downdraft and it is approximating important support at DJ23,250, October low. Is this retracement a consolidation? It should be. The market is in a bull-trend barring a violation of strong supports. DJ23,250 defines the first range support. DJ23,340 has resisted and proved as support in the short term. 20 Days moving average has failed as support, DJIA was over this indicator every trading day from September 8th.
In summary, the market has done a small retracement and supports are working. The trend is bullish.

Please click over the chart to enlarge it.

                         
 Fundamentals:
Most indexes are in the green. Yesterday the close was in red due of some fears about the tax cut that will be discussed in the House and later in the Senate. Obamacare could be repeal that is not a good new.
The President Trump returned to the U.S.A. after his Asia trip with good news like the 300 billion in trade bills.
Earnings and economic news are driven the market through a good path.
Last month Producer Price Index +2.8% y/y versus +2.6% prior figure. Less food and energy is +2.4% on a year basis. Redbook Retail Sales +2.3% year to year pace against last month +2.6%, still positive number with the sales expectation during Christmas sales.
Today we are going to receive the figures of the MBA Mortgage Applications, The Atlanta FED Business Inflation Expectations, Business Inventories, Retail Sales, The Empire States Manufacturing Survey and Consumer Price Index. We will have a busy day with all these news.

Dear traders and investors, possibly we are in a consolidation phase that will give support the DJIA and S&P indexes gains before to continue to the upside. That means buy the dips and invest accordingly.

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