November Start Bullish: succesive light record closes

DJ Resistance:  23,602.12  All-time high

DJ Support:      23,483
                           23,300       20 Days moving average
                           23,250     
                           23,174       Gap
                           23,002       Strong, Gap
                           22,890     
                           22,785
                           22,610       50 Days moving average
                           22,420       Strong, breakout
                           22,119       Breakout
                           22,000
                           21,912
                           21,682       July peak
                           21,600       Strong
                           21,535       June peak
                           21,488       200 Days moving average
                           21,200
                           21,115
                           20,800
                           20,590
                           20,400       Strong
                           20,125       January peak
                           19,732
                           19,672       January low

Technical Analysis: 
Positive November start with consecutive new all-time highs during four days. The increases were small bur every day that puts a bullish-leaning trend in the intermediate term barring a violation of the supports.
DJIA supports are at DJ23,483, DJ23,300 (20 days moving average) and DJ23,250. The gaps at DJ23,174 and DJ23,002 are going to act as strong supports for DJIA.
The consolidation range is DJ23,002 - 23,602.12.
The broke of the bull flag just below of DJ23,500 triggered these new all-time highs during last four days. We are almost at the end of the year witnessing a bull trend. The late price action is solid and constructive for the bulls. We are seeing a rotation from transport and healthcare to technology and transport sectors which is healthy and signals the grounded bull trend.
The different moving average will act as solid supports.

Pleaase click over the chart to enlarge it.

Fundamentals: 
Last Friday we have received a bullish Employment figures, 4.1% Unemployment rate and Non-farm payroll increased to 261,000 in October (9,000 from public sector and 252,000 from private sector) ,  which accompany the positive economic news and the corporate earnings.
DJIA, S&P, NASDAQ COMPOSITE have eight straight weekly gains. All these are in a row.
This week there is not controversial news from the economic field. We have to pay attention to Jobless Claims and Whole Sale Trade numbers on Thursday and this coming Friday Consumer Sentiment report.

The market expects the tax cut done this year

This positive situation puts the market encouraged. The conjunction of all of these factors could drive in a new way of growth and wealth for many years.

Dear traders and investors, this bull market is pristine and looks strong enough to continue. We can expect a marvelous end of the year. I am optimistic with the stock market and in any pull back I think we should buy. 

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