• 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 21 was a relatively big green candle with almost equal sized small upper and lower shadows;
• Last week’s pivot point=2918.91, R1=2951.67 R2=2973.66; S1=2896.92, S2=2864.16; R1/R2 pivot levels were breached;
• Second up week in a row; 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 small real body – almost like a doji – red candle with small lower and smaller upper shadow; gapped down at the open and did not close the gap; a 3-day evening star in emergence; break below 2912.63 ill be critical
• %K is below %D after making a potential bearish divergence
• Above 20-day EMA, above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• Beginning to turn up at 4:00 AM after moving sideways since 6:00 PM on September 23
• Bouncing off from just above the upper  limit of a horizontal channel – more like a cup-with-handle pattern – that was broken to the upside at 6:00 AM on September 20; the height of channel is 49.50 points; the 61.8% extension target near 2948.00 was achieved; the 100% extension target is near 2967.00
• RSI-9 made a bearish divergence at the last high; below 40
• Below 20-bar EMA but above EMA10 of EMA50
• Bias: Up-Side

• The sideways move since 6:00 PM on September 23 is turning into a rounding bottom pattern
• RSI-9 rising from a low of 27.35 AM at 10:30 AM on September 24, which also made a bullish divergence
• Above 20-bar EMA, which is above 50-bar EMA
• Bias: Side-Up

• Bollinger Band (20, 2.0) is facing up since 3:00 AM
• The band narrowed from 7:45 PM to 3:45 AM; expanding since with price moving along the upper band
• RSI is trending up since 10:30 Am on September 24; above 65
• The Stochastic (9, 1, 3): %K crossed below %D at 7:00 AM from above 90
• Bias: Side-Up

1. Energy
2. Technology
3. Heath Care

1. Consumer Discretionary
2. Consumer Staples
3. Materials
4. Industrials
5. Finance
6. Utility
7. Real Estate
8. Telecom