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

• The week ending on December 15 was a large green candle following a near doji for previous week
• Last week’s pivot point 2668.97; R1=2686.47, R2=2697.13; S1=2658.31, S2=2640.81; R1 was breached
• An up week;  fourth 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 bearish engulfing candle over a green candle that gapped up at the open; very small upper and lower shadows
• 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; on December 12 the index was 2669.72 and RSI was 74.77; on December 18, the index was at 2694.97 and the RSI was at 75.91 and RSI fell on December 19
• Last pattern, a down-sloping flag in June that was broken to the upside on July 13, 2017; 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=2685.55; R1=2690.36, R2=2699.25; S1=2676.66; S2=2671.85; S1/S2 were breached
• Confirmed Uptrend

• Futures rising since 4:00 PM on December 19 after falling during the day and breaking below a horizontal channel; the 2:00 PM to 6:00PM candles formed a morning star pattern
• Broke below a horizontal channel at 8:00 AM on Tuesday; the height of the pattern is approximately 6.00 points; the 161.8% extension target near 2983.00 was achieved on Tuesday; the price is back the broken lower bound of the pattern, which may act as a resistance
• 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
• At a flattening 20-bar EMA, which is above a rising 50-bar EMA

• Rising since 4:30 PM on December 19, which was a dragonfly doji, a short term reversal pattern; at the a resistance zone near 2692.00, which was a prior support level
• RSI-14 declines to 23 at 12:00 Noon and the made a divergence at 4:30 PM by declining to only 29.39; it crossed above 40 during early Asian session; it has been rising since but still below 65
• At/above a flattening 20-bar EMA, which is at/above a flattening 50-bar EMA

• Bollinger Band (20, 2.0) has been moving sideways since 2:30 PM on December 18
• The band contracted during the Asian session after the expansion during Tuesday; the Bandwidth has stayed near 0.10 since 6:00 PM
• MFI-14 reached above 80 during early Asian session and since then it has stayed above 50 while moving sideways between 80 and 50; it is rising since 6:30 AM and is near 80 again
• The Stochastic (9, 1, 3) turned up at 6:15 AM from below 20.00; %K crossed above %D

1. Consumer Staples
2. Energy
3. Industrials

1. Consumer Discretionary
2. Materials
3. Finance
4. Technology
5. Utility
6. Heath Care
7. Real Estate