Dow Jones well supported and attempting resistance

DJ Resistance: 18,351     All-time high
                        18,206     Breakout
                        18,104     2014 peak
                        17,810     Important

DJ Support:     17,579     August breakdown
                        17,575     200 days moving average
                        17,125     Light
                        17,050     Strong
                        16,933.43 September high
                        16,672     50 days moving average
                        16,667     Breakout
                        16,460     Light
                        15,980     Strong
                        15,651.24 Important
                        15,370.33 Very strong

Technical Analysis:
DJIA did a grounded bounce and perked up the important resistance DJ15,579 and 200 days moving average DJ15,575 and is sleeping just over them. That is positive and bullish. If DJIA stays over them and breaks up resistance DJ17,810 the charts were repaired and the market bias would be bullish and strong.
S&P backdrop is similar to the DJIA. S&P and DJIA did two months high which put both indexes in bullish bias.
DJ17,579 is an inflexion point because it was the August drop level to the September low and bulls are trying to repair the charts with DJIA over its inflection point. Next resistance is DJ17,810 which coincides with the negative trend line coming from the all-time high (watch the chart).

Please click over the chart to enlarge it.

Fundamentals:
The positive U.S. Corporation earnings season and the decreased interest rate by Central Bank of China encouraged the stock market for piercing the important resistance DJ17,579, inflection point, on last Friday. 1,076 corporations will report this week. And Yesterday and today's slight retracement are due to the Fed monetary policy announcement this Wednesday.
Economic news coming are no so positive like today's U.S.Durable Goods Orders that fall more than expected in September. We will know the GDP Q3 on Thursday which is estimated a positive 1.7% and it is slower than the growth  +3.9% GDP Q2.
Dear traders and investors, Third quarter earnings season is positive and that is good for the stock market, technically DJIA and S&P is supporting over the old inflection points and clear resistances. But economics are mixed and without them we can not expect a healthy rally in the stock market.

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