• Confirmed Uptrend
• Uptrend resumption since Feb 08, 2016 after a pull back of -15.2%

• The week ending on December 1 was a large green candle with almost no lower shadow and a small upper shadow
• Last week’s pivot point 2632.94; R1=2667.02, R2=2691.81; S1=2608.15, S2=2574.07; R1/R2/R3 were breached
• An up week;  second in last five weeks and eight in last ten weeks
• Broke above a down sloping flag on April 24 2017;
  • flag-low was 2322.25 during 27-Mar-17 week; shorter flag-pole length is 317.19 and longer flag-pole length is 590.88;
  • 100% extension target of shorter flag-pole near 2639.41 is achieved; and the 161.8% extension target is near 2835.46
  • 61.8% extension target of longer flag-pole is near 2687.41
• Broke above a down-sloping flag on November 14, 2016;
  • the flag low was 2083.79 during 31-Oct-16 week; the shorter flag-pole length is 202.13 and the longer flag-pole length is 383.71;
  • 261.8% extension target of shorter flag-pole near 2612.97 is achieved
  • the 161.8% extension target of longer flag-pole is near 2704.63
• Last swing low, 2322.25, was the low on March 27, 2017
• Above 10-week EM; above 39-week SMA and 89-week SMA
• Confirmed uptrend

Daily

• A near doji red candle with small upper shadow and smaller lower shadow
• RSI-14 divergence – on October 20 the RSI was 79.65 and the 2578,29, on November 8 the high was 2595.47 and the RSI was 72.50; on November 30, RSI-14 was 76.67 and the index was at 2657.74
• Last pattern, a down-sloping flag in June that was broken to the upside on July 13; in August the index declined and tested the broken upper limit of the flag
• Above 20-day EMA but above 50-day EMA; Above 100-day SMA and 200-day SMA
• Pivot Point=2629.48; R1=2634.20, R2=2639.14; S1=2624.54; S2=2619.82; No levels were breached
• Confirmed Uptrend

• Drifting down in stairs after making a high of 2665.25 at 8:00 AM on December 4; near an uptrend line from the lows of November 15
• 14-bar RSI continues to flash divergence – on November 21 the future was at 2600.50 and the RSI was at 75.8, on Sunday the future was at 2603.50 and the RSI at 64.47; on December 4 the RSI-14 was 66.12 and the price was at 2665.25
• Sequence of higher highs and higher lows since 10:00 AM on November 2 and since August 29 with few exceptions is reasserted on November 21; it is again under pressure
• Below falling 20-bar EMA, which is below falling 50-bar EMA

• Crossing below an uptrend line from the low of 2620.00 at :30 AM on December 6; potential to make an up sloping flag
• Below falling 20-bar EMA, which is at/below falling 50-bar EMA

• The emerging ascending triangle pattern did not materialize
• Envelop and Bollinger Band are mostly moving down since December 4 in a wave pattern
• The Bollinger Band (20 EMA, 2 stddev.) contracted from 11:30 PM to 2:00 AM; since then it is expanding very slowly; contained within the envelop (20 EMA, 0.272%)
• The Stochastic (9, 1, 3) reached 0.00 at 7:45 AM
• Below 20-bar EMA, which is below 50-bar EMA

1. Consumer Staples
2. Industrials
3. Technology
4. Utility
5. Real Estate

1. Consumer Discretionary
2. Energy
3. Materials
4. Finance
5. Heath Care (unch.)