• Confirmed Uptrend
• Uptrend resumption since Feb 08, 2016 after a pull back of -15.2%

• A large green candle with almost no upper and lower shadow; three day pattern is a morning star one, albeit, without any decline
• Last week’s pivot point 2594.96; R1=2611.67, R2=2620.93; S1=2585.70, S2=2568.99; R1 was breached
• An up week after two down weeks; third up week in last five weeks and eight 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 is near 2639.41; and
  • 61.8% extension target of longer flag-pole is near 2687.41
• 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 is near 2612.97; and
  • the 161.8% extension target of longer flag-pole is near 2704.63
• Last swing low, 2322.25, was the low on March 27, 2017
• Above 10-week EM; above 39-week SMA and 89-week SMA
• Confirmed uptrend

Daily

• A spinning top candle with small body and small upper and lower shadows
• RSI-14 divergence – on October 20 the RSI was 79.65 and the 2578,29, on November 8 the high was 2595.47 and the RSI was 72.50; the index is higher but the RSI-14 is in 60’s
• Last pattern, a down-sloping flag in June that was broken to the upside on July 13; in August the index declined and tested the broken upper limit of the flag
• Above 20-day EMA but above 50-day EMA; Above 100-day SMA and 200-day SMA
• Pivot Point=2602.23; R1=2605.60, R2=2609.77; S1=2598.06; S2=2594.69; R1/R2 were breached
• Confirmed Uptrend

• Bouncing off 20-bar EMA for fourth time; staying mostly above 20-bar EMA since 8:00 AM on November 20
• 14-bar RSI is flashing divergence – on November 21 the index was at 2600.50 and the RSI was at 75.8, on Sunday the index was at 2603.50 and the RSI at 64.47, and at 6:00 AM on Monday, the index reached 2604.50 but the RSI managed only 56.4;
• Sequence of higher highs and higher lows since 10:00 AM on November 2 and since August 29 with few exceptions is reasserted on November 21
• Higher highs and higher lows since 8:00 AM on November 15
• Above rising 20-bar EMA, which is above a rising 50-bar EMA

• A down trend line from the high made on November 21 was broken to the upside on Friday and was tested on Sunday
• Moving mostly sideways since 10:00 AM on November 21
• A horizontal channel is emerging with upper bound near 2603.50/2604.50 and the lower bound near 2598.00/2596.50
• Above a rising 20-bar EMA, which is above a rising 50-bar EMA

• Envelop and Bollinger Band are mostly moving side ways since mid-day on November 21
• The Bollinger Band is expanding since 1:45 AM (on Monday it started to expand at 3:00 AM) with the price hugging the upper band
• The Stochastic (9, 1, 3) has been declining since 4:15 AM and is in oversold territory at 7:00 AM
• Below 20-bar EMA and at 50-bar EMA

1. Consumer Discretionary
2. Consumer Staples
3. Industrials
4. Technology (unch.)
5. Utility
6. Heath Care

1. Energy
2. Materials
3. Finance
4. Real Estate