• 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 13 was a large green candle with almost no upper shadow and shaved bottom; the candle gapped up the open, which was not filled;
• Last week’s pivot point=2791.45, R1=2814.39, R2=2827.47; S1=2778.7, S2=2755.43; R1 pivot level was breached;
• A second up week in a row; third in last five weeks and seventh in last ten weeks
• Breaking above an ascending triangle but still within an upsloping flag; a 100% extension target would be near 3070.00 level
• 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 small red candle with small lower shadow and smaller upper shadow
• %K crossed below %D above 90;
• Above 20-day EMA, 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend resumed

• Drifting down since the high of 2818.25 at 2:00 PM; near the support level around 2789.75, which was previous swing low
• RSI-9 declining from 75 at 6:00 PM on July 17; bouncing off he low of 27.41 at 8:00 PM on July 19; just above 40
• Below 20-bar EMA; below EMA10 of EMA50
• Bias: Up-Side

• Moving down in steps since 12:30 PM on July 17; made a double bottom at 2793.50; a break above 2806.00 will complete the pattern
• RSI-9 is mostly below 50 since 12:00 AM on July 19; rising from a low 34.1 after making a bullish divergence
• Below 20-bar EMA, which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is moving down since 6:30 PM on July 17; moving sideways since 2:00 AM
• The band expanded at 9:00 PM on July 19 with price moving along the lower band; the narrowed, relatively, from 2:30 AM to 6:00 AM with price moving along the upper band; expanding since 6:00 AM with moving up to the md-level
• RSI made a bullish divergence at 6:15 AM after making a low of 29.91 and is moving up; near 50
• The Stochastic (9, 1, 3): %K crossed above %D at 6:30 AM
• Bias: Down-Side

1. Consumer Staples
2. Energy
3. Materials
4. Utility
5. Real Estate

1. Consumer Discretionary
2. Industrials
3. Finance
4. Technology
5. Heath Care
6. Telecom