Wow DJIA New Record High

DJ Resistance:  23,849.61  All-time high

DJ Support:      23,769.43
                           23,665.86
                           23,500      Gap
                           23,480
                           23,250      Strong
                           23,174      Gap
                           23,070      50 Days moving average
                           23,002      Strong, Gap
                           22,890
                           22,795
                           22,420      Strong, breakout
                           22,119
                           22,000
                           21,912
                           21,756      200 Days moving average
                           21,682      July peak
                           21,600      Strong
                           21,535      June peak
                           21,200
                           21,115
                           20,800
                           20,590
                           20,400      Strong
                           21,125      January peak
                           19,732
                           17,672      January low

Technical Analysis:
What a new record high!
DJ23,500 and 23,250 are well based support for DJIA, and SP2,564 and SP2,600 for S&P.
The three indexes are pointing and set up for a 2017 strong close. They are in unknown territory. DJIA new target is DJ24,000, technically DJ23,950 in the midterm.
The price action in the three indexes are bullish and showing a strong uptrend.

Please click over the chart to enlarge it.

Fundamentals:
The tax cut bill is now in the Senate that moved the markets to the upside because it is considering positive. If the Senate passes or not the bill would be known in same days maybe next week.
Economic news continue stimulating the financial markets like New Homes Sales at 685,000 annualized units versus last month 667,000.
This week will be plenty of economic reports that would affect the Market. The most important is the Senate vote about the tax cut bill. We wait for GDP, Pending Homes Sales, Beige Book, Personal Income, Consumer Spending, Core Inflation, Chicago PMI, ISM Manufacturing, Construction spending, Markit Manufacturing PMI, etc.
Consumer Confidence at 129.5 for a seventeen year high.

The economy is doing well and the markets realize that. 

Dear traders and investors, it seems to me that we are going to end the year with new highs in the three indexes. If the market gets a Christmas Rally supported by the solid and strong consomption.

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