• 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 June 1 was a bullish engulfing
• Last week’s pivot point=2716.12, R1=2755.43, R2=2776.24; S1=2695.31, S2=2656.00; S1/S2 pivot levels were breached;
• An up week; third in last five weeks and sixth 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 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
• Above 10-week EMA; above 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A large green candle that gapped up at the open and the gap was not filled; no upper shadow and small lower shadow; next meaningful resistance at 2801.90
• Above 20-day EMA; above 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend resumes

• Break above a horizontal channel continues; the 100% extension target is near 2782.00 and 161.8% extension target is near 2807.00
• RSI-9 staying above 65 since 12:00 PM on June 6
• Above 20-bar EMA, which is above EMA10 of EMA50
• Bias: Up

• Above an uptrend line since 3:00 PM on May 29; moving higher in an upsloping channel
• RSI-9 is mostly above 40 since 3:30 PM on May 29; made a near double top near 80 and slight bearish divergence; dropped from a high of 79.98 at 3:00 AM to near 50
• At/above 20-bar EMA, which is above 50-bar EMA
• Bias: Up

• Bollinger Band (20, 2.0) is moving sideways with an up bias since 9:45 PM on June 6
• The band contracted for most of Asian session; expanding since 3:00 AM; the price first moved along upper band is moving along lower band since 5:15 AM
• RSI dropped from above 65 at 3:45 AM to below 50; still staying above 40
• The Stochastic (9, 1, 3): %K crossed below %D at 7:15 AM from above 80
• Bias: Up

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

1. Utility