Near to the all-time high

DJ Resistance:  16.735,51  All-time record high
                            16.715,44  All-time closing high

DJ Support:        16.580
                            16.520
                            16.312      Strong April's low
                            16.174      November's peak
                            16.015      Very strong

Technical Analysis:
The DJIA broke up the resistances at DJ16.580 and DJ16.620, which shows the clear up trend.
The DJIA has formed a positive trend line from March's low. It has high probabilities to drive the index to breakout the all-time high resistance and to visit new territories (watch the chart).
The new S&P all-time record high SP1.912, the fresh NASDAQ Composite bounce up clearing resistance at 4.155 and the negative trend line from March's high confirm this strong up move.
The S&P one or two closes above the SP1.900 is not a breakout, to get the confidence of it we need to stay and close above this level during many days.
I like this break out potential for the longs and today's volume supports it.

The trend is up well supported.

Please, click over the chart to enlarge it

Fundamentals:

The technical analysis concludes that the trend is upward so clear as the transparency and clarity of the rainwater but fundamentally not so much.

We are getting positive economic news with some negatives and some neutrals. This week and next are plenty of important economic news ending next week's Friday with the unemployment and non-farm payroll.

The U.S.A. economy is growing, the recovery is on the way if economic activity can maintain a constant solid step. It seems to me that it is working.

Dear traders and investors, I think we are going to see and enjoy DJIA new records high soon, the question is to maintain those levels. If the DJ continues to the upside it goes to breakout the range and it will navigate in non-charted territory. This is what I expect for the short term. I am still bullish, maintain your long positions. The momentum and timing are mature for this attempt, if the DJ can not accomplish new highs in the next fifteen days, it had to wait until the first three weeks of July before the Summer Doldrums.

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

Ulises