• 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 August 24 was a green candle with almost no lower shadow and that closed near the middle of week’s range;  gapped up at the open on Monday and made all time highs
• Last week’s pivot point=2900.90, R1=2917.12, R2=2932.71; S1=2885.31, S2=2869.09; R1/R2/R3 pivot levels were breached;
• A second up week in a row; fourth in last five weeks and seventh in last ten weeks
• Broke above an ascending triangle but retraced back to its upper limit; 100% extension target is 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 2639.44 and the 161.8% extension target near 2835.46 are achieved; the 261.8% extension target is near 3013.72
  • 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

Daily

• A small red real body candle with very small upper shadow and longer lower shadow; the low on Wednesday is just above the lower bound of a gap that was opened on August 27
• %K is below %D after making bearish divergence
• Above 20-day EMA, 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• Declining from a high of 2917.50 at 2:00 PM on August 29; broke below a support/congestion level near at 2894.00; the 100% extension target near 2879.00 is achieved
• RSI-9 made a bearish divergence at 10:00 AM on August 29; in a downtrend since 8:00 PM on August 27; crossed above 40 at 2:00 AM on September after mostly below 40 since 4:00 AM on September 4
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Side-Down

• Forming a symmetrical triangle since 1:30 AM on September 5; breaking above a downtrend line from a high of 2912.00 made at 3:00 on September 4
• RSI-9 made a bullish divergence at 3:00 AM; rising above 40 from a low of 26.95
• At/below 20-bar EMA, which is below 50-bar EMA
• Bias: Side

• Bollinger Band (20, 2.0) is essentially moving sideways since 6:15 PM on September 5
• The band narrowed from 6:15 PM to 1:30 AM; expanding since then; price moved along the lower band till 3:15; price reached the upper band and is now at the mid-level
• RSI mostly between 40 and 65 since 11:30 AM on September 5; near 50
• The Stochastic (9, 1, 3): %K crossed below %D at 8:15 AM; near 70;
• Bias: Side

1. Consumer Staples
2. Materials
3. Industrials
4. Finance
5. Utility
6. Heath Care
7. Real Estate

1. Consumer Discretionary
2. Energy
3. Technology
4. Telecom