S&P touched 2,000 points

DJ Resistance:  17,153.80 All-time record high
                           17, 138      All-time record closing high

DJ Support:       17,070      Light (hourly)
                           16,980      Hourly
                           16,743      Strong May peak
                           16,588      Strong 2013 peak
                           16,355      Strong
                           16,015      Very strong

Technical Analysis:
The S&P has reversed its August first week down move with a rally to the SP2,005. What's more, this up move have formed a "Bullish V-Shaped Reversal" which is almost confirmed with the S&P closing at SP2,000. DJIA had done the same movement but it is still lagging, S&P is the leader. DJ "V-shaped rebound" from August first days is forming a possible "V-Shaped Reversal" but it is not yet confirmed. For that, DJIA needs to close several days over today's historical record high DJ17,153.80. What does it mean? DJIA could do 750 points in new record territory, the target should be DJ17,900 and for the S&P 60 more points at least.
200 days moving average and the one year positive trend line work as excellent supports for the DJ.
S&P and DJIA show its uptrend very clearly and the potential for an up move with nice rewards.
Please click over the chart to enlarge it.

Fundamentals:
Economy and corporations are doing well. U.S home prices increased 1% in June and U.S. Durable-goods orders jumped 26% in July on Boeing contracts. We are still getting some positive corporate earnings results. Recovery is on track.
August is not an easy month, watching the chart from 80 years ago until now, August is more positive than negative and better than other months. I would suggest to confirm this August rally in September or October because we could get easily a market reverse this month and due to volume is also faltering.
Dear traders and investors, at the beginning of 2014 I indicated that we were going to see S&P at 1,900 and very probably SP2,000. We have gotten both of them. I am surprised since I expected to be there in October or November as latest. That shows how hard is to work in the financial markets, economy is a social science not a mathematical. I am still with the bulls, I need to asses the stock market prices in September to clarify my mind.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!

Ulises