• 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 8 was large green candle that s breaking away from past few weeks congestion zone
• Last week’s pivot point=2766.15, R1=2792.78, R2=2806.54; S1=2752.39, S2=2725.76; R1/R2 pivot levels were breached;
• An up week; fourth 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 small candle, almost like a gravestone doji, that gapped up at the open; break below its low of 2780.17, will be critical
• Above 20-day EMA; above 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend

• Break above a horizontal channel continues; the 100% extension target near 2782.00 is achieved; the 161.8% extension target is near 2807.00
• RSI-9 declining since 12:00 PM on June 11 from above 70; around 50
• At 20-bar EMA, but above EMA10 of EMA50
• Bias: Up-Side

• Gradually declining from a high of 2794.25 at 1:00 PM on June 11 in a down-sloping flag; break above 2790 will be bullish and break below 2783.00 bearish
• RSI-9 moving around 50 since 3:30 PM on June 11; declined to near 40 at 4:30 AM
• Below 50-bar EMA, which is below 20-bar EMA
• Bias: Side-Down

• Bollinger Band (20, 2.0) is moving sideways with a down bias since 11:30 AM on June 11;
• The band contracted during Asian session; expanding since 3:30 AM with price moving along the lower band
• RSI dropped below 20 at 4:45 AM; now above 50
• The Stochastic (9, 1, 3): %K is crossed above %D below 20 at 6:00 AM; near 80
• Bias: Side

1. Consumer Discretionary
2. Consumer Staples
3. Energy
4. Materials
5. Industrials
6. Technology
7. Heath Care

1. Finance
2. Utility
3. Real Estate
4. Telecom