• 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 September 14 was a green candle with almost no upper shadow and small lower shadow; closed above previous week’s high
• Last week’s pivot point=2893.35, R1=2919.93 R2=2934.87; S1=2878.41, S2=2851.83; S1/S2 pivot levels were breached;
• An up week following a down week; fourth in last five weeks and eight 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 relatively large red candle with small upper and lower shadows; 3-day evening star pattern forming – a break below 2886.16 will complete it
• %K crossed below %D from above 75
• Above 20-day EMA, above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• Declined from a high of 2917.25 at 2:00 AM on September 14 to a low 2883.50 by 6:00 PM on September 17; rising since then to 2904.00
• RSI-9 at 55 after touching a low of 16.99 at 6:00 PM on September 17
• At/above 20-bar EMA, which is at EMA10 of EMA50
• Bias: Side

• Below a downtrend line from a high of 2917.25 at 7:00 AM on September 14; nearing it from a low of 2883.50 at 6:30 PM on September 17
• RSI-9 rising since 6:00 Pm from a low of 19.86; near 60
• Above 20-bar EMA, which is at 50-bar EMA
• Bias: Side-Down

• Bollinger Band (20, 2.0) is moving up since 11:00 PM on September 17
• The band relatively unchanged since 11:00 PM – not narrow
• RSI above 40 since 9:30 PM on September 17; near 65
• The Stochastic (9, 1, 3): %K crossed above %D at 8:15 AM after making a double bottom; crossed below %D at 8:45 AM from 100
• Bias: Side-Up

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

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