S&P500 and NASDAQ at New Record Highs

DJ Resistance:  26,616.71  All-time high
                            26,435       January gap upper side
                            26,338       January gap downside
                         
DJ Support:       26,000
                            25,888
                            25,835.35  February high
                            25,691
                            25,548       20 Days moving average
                            25,079       50 Days moving average
                            24,991       Strong
                            24,816       2017 high
                            24,786       200 Days moving average
                            24,719       2017 close
                            24,000       Strong
                            23,509       Strong
                            23,250       Very strong
                            23,173       Strong, gap
                            23,002       Strong, gap
                            22,890
                            22,795
                            22,420       Strong, breakout
                            22,119
                            21,912
                            21,600
                            21,535

Technical Analysis:
S&P 500 and NASDAQ Composite have done new record highs and it seems that there are not sellers at those level. When that, the absent of sellers will draw buyers at SP2,873 (breakout and old all-time high). If the index stays over this level the S&P target will be SP2,923.
Dow Jones is lagging also this time but it has a clear up trend. It should visit its all-time high at DJ26,616.71.
Taking the DJIA August high and August low the target is 26,423 equivalents to the S&P 500 target at SP2,923.
S&P 500 and NASDAQ Composite are touching uncharted territory. The three indexes trend is bullish.
DJIA over DJ26,000 is bullish and if it breaks the all-time high DJ26,616.71 the new target should be DJ 29,800.
The previous up move in August and its down retracement to 50 days moving average, and its bounce up with new upside move should touch DJ26,423 as a target just the January gap area DJ26,338 - 26,435.

Please click over the chart to enlarge it.

Fundamentals:
August is almost ended; this month is painful for traders because the volume decreases and senior traders take holidays. That explains the high volatility despite the Summer doldrums.
The market took the up way again due the news about China and its will to avoid a trade war, the commercial agreement between U.S.A. and Mexico, and finally the positive expectations about U.S.A - Canada commercial agreement.
The bullish bias is supported by the robust economy of U.S.A. and the consumers that support the promised positive corporate results based on the reduction of taxes.
Consumer Confidence Index at 133.4 which is the strongest in almost 17 years. Redbook report about retail sales in a same store increased 5.1% in a y/y base, last month it was up 4.7%.

Dear traders and investors, be prepared for the new month coming next week. The market activity will increase and I expect to see new all-time highs this year and I am almost sure that this pace will continue for a considerable period.

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