• 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 July 6 was a bullish engulfing candle with small upper and lower shadows;
• Last week’s pivot point=2741.06, R1=2783.17, R2=2806.52; S1=2717.71, S2=2675.60; R1 pivot level was 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 resumed

Daily

• A green candle that gapped up at the open and stayed higher with almost no upper and lower shadows;
• %K above %D and above 70
• Above 20-day EMA, 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend resumed

• Moving up since 8:00 AM on June 28; higher highs and higher lows; breaking above a downtrend line form June 13 high
• RSI-9 above 70 since 10:00 AM on  July 5
• Above 20-bar EMA, which is at/above EMA10 of EMA50
• Bias: Up

• Broken above a horizontal channel – between 2747.50 and 2698.50 – the 61.8% extension target near 2777.75 is achieved and approaching the 100% extension target near 2796.50
• RSI-9 mostly above 40 since 10:00 PM on July 3; declined from above 65 at 8:30 PM on July 9 to near 50 by 4:30 AM; nearing 65
• At/above 20-bar EMA, which is above 20-bar EMA
• Bias: Up

• Bollinger Band (20, 2.0) is moving sideways to up since 8: 45 PM on July 9
• The band is narrow since 11:45 AM
• RSI is mostly within 40 and 65 since midnight
• The Stochastic (9, 1, 3): %K above %D; declined from above 90 at 6:00 AM to near 50; again approaching the highs
• Bias: Up-Side

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

1. Consumer Discretionary
2. Utility
3. Real Estate