The past two weeks pushed the DJI and S&P 500 strongly up by breaking all historical highs. On many time-frames, because of the past 2-week strong up move, many technical indicators are strongly bullish. Below you may see 10-year DJI volume chart (1 bar = 10 days). source: http://www.marketvolume.com/charts/
To understand better whether DJI may move higher, we take a look at the stocks listed in the DOW index. Below you may see 30 charts of the DOW listed stocks divided in three groups.
In summary, we have 9 strongly bullish Stocks, 11 recovering stocks and 10 weak stocks. As of now, most of these stocks either in short- or mid-term up-move and they are pushing the DJI index up. If 11 recovering stocks will continue their recovery further, then 2/3 of DOW stocks as a pushing force to continue pushing DOW to new highs. If not , we could be looking for another months of the side-way range trading.