• Confirmed Uptrend
• December 2017 closed higher; index has been higher for the nine straight months; it has only one down month, March 2017, since October 2016
• Uptrend resumption since Feb 08, 2016 after a pull back of -15.2%

• The week ending on April 27 was a doji with very small upper shadow and very long lower shadow
• Last week’s pivot point=2655.38, R1=2698.08, R2=2726.26; S1=2627.20, S2=2584.50; S1/S2 pivot levels were breached;
• A down week; second in last five weeks and fifth in last ten weeks
• A symmetrical triangle pattern is emerging; price in the middle of the pattern
• 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 near 2687.41 is achieved; the 100% extension target is near 2913.13
• 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 near 2704.63 is achieved; the 261.8% extension target is near 3088.34
• Last swing low, 2322.25, was the low on March 27, 2017; Last swing high, 2872.87, was during the week of January 22, 2-018; the low since the last swing high is 2532.69 during the week if February 5, 2018
• Below 10-week EMA; at 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A relatively large red candle that completely engulfed the previous day’s candle
• At/bleow 20-day EMA, which is below 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend under pressure

• Declining since 6:00 AM on April 30; at below the downtrend line from the high on April 18, which was broken to the upside once
• Break below an uptrend line from April 2 lows did not last and price is back above it; price again below it
• RSI-9 declining after making a divergence at 4:00 AM on April 30; rising from a low of 21.44 at 4:00 PM on April 30; just below 40
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Side-Down

• Declining since 6:00 AM on April 30; bouncing from a low of 2641.25 at 6:30 PM and made a near double bottom, near 2642.00, at 5:00 AM; interestingly poised; a break above 2648.75 will continue the bounce and a break below 2642.00 will resume the downtrend
• RSI is rising from 17.20 at 6:30 PM on April 30; crossed above 40 but below 50
• At/below 20-bar EMA, which is below 50-bar EMA
• Bias: Up-Side

• Bollinger Band (20, 2.0) is mostly moving sideways since 9:45 PM on April 30; near the bottom of the 3-day chart window
• The band narrowed during Asian session, moving sideways, and then expanded, with down bias, during European session; narrowing since 7:45 AM
• RSI trended up from low of 29.03 at 4:45 AM
• The Stochastic (9, 1, 3): %K crossed above %D at 8:30 AM
• Bias: Down-Side

1. Consumer Discretionary
2. Consumer Staples
3. Energy
4. Materials
5. Industrials
6. Finance
7. Utility
8. Technology
9. Heath Care
10. Real Estate
11. Telecom