New highs for the Dow Jones index?

DJ resistance :    15.658,36  Strong (historical high)
                          15.050

DJ support    :     15.380
                           15.350
                           15.050 Strong (very important)
                           14.760 Very Strong


Technicals : The Dow Jones index is still over the positive trendline and in the positive channel from the March 2009 lows. Technicals support a bull issue in the short and long term. The S&P is at almost its high peak 1.709. The major resistance for DJ is its historical high15.658.36 and this target remains strong as a technical test. To confirm the uptrend the DJ has to close higher to complete the higher high.
But if you watch the DJ daily chart, you are going to realise that the blue-chip benchmark could be in a range DJ14.400 - 15.658.36 and if it not penetrates this upper line the DJ is going to form a triple top that would be negative for this index.

Fundamentals : The September market brought a lot of concerns like QE tapering (FED FOMC September 18th.), weak employment, Syria fears (soft for the moment), U.S.A. budget (sequester), debt ceiling (October), and so on.

We can conclude that the technical analysis supports the bulls despite the fundamental concerns.

Dear traders and investors,
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises