DJIA over important resistances but retraced on Tuesday

DJ Resistance:  26,616.71  All-time high
                           26,000
                           25,500
                           25,410       20 Days moving average
                           25,212       50 Days moving average
                           25,000
                         
DJ Support:      24,876       2017 peak
                           24,719       2017 close
                           24,715.90  Support of old range
                           24,500
                           24,100
                           23,950
                           23,600
                           23,500       Gap upside
                           23,480       Gap downside
                           23,250       Strong
                           23,174
                           23,002       Strong, gap
                           22,941       200 Days moving average
                           22,890
                           22,795
                           22,420       Strong, breakout
                           22,119
                           22,000
                           21,912
                           21,600
                           21,535       July peak

Technical Analysis:
We have seeing an attempt to recover the way to the upside. The three indexes have bound from February lows, this bounce is still weak and feeble, we can witness new downwards move. The attempt to the higher label is constructing and possible repairs the chart damages, it is too early to define it. DJIA broke up clear strong resistance at DJ24,719 (2017 close) and 24,876 (2017 high). Now they are working as supports. DJIA and S&P are fighting with strong resistances right now.
DJIA mayor resistance is at DJ25,212 (50 days moving average) and the support is 2017 peak DJ24,876. This resistance and support are forming the range.
S&P, DJIA are retesting the 50 days moving, fundamental resistance.
The long trend is bullish.

Please click over the chart to enlarge it.

Fundamentals: 
Last week was impressive with six positive days in a row. Are we out of the woods? No, we are going to witness volatility in the next weeks and maybe months. The market is going to move higher and lower. What we have to determine is if the February low is the low of the correction. It is very possible. Pay attention to the market that is creating a new base before the next leg up.
The market is bullish, this is unquestionable and it is based on the tax cut, the solidity of the consumption and the strength of the economy.
Consumer Confidence rose to 99.9 from 95.7 previous month. E-Commerce retail sales at 3.2% quarter to quarter from 3.6% pace previous. Housing starts 1.326 million units annualized from previous months 1,192 units.

This correction was long awaited and now we have to live with it.
Dear traders and investors, keep calm and buy on the dips, do not lose these opportunities. Right now, with the economy, tax cut and the consumer's expectations we can foresee about10 to 15 % gains for 2018.

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