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

• The week ending on December 8 was a small red candle with small upper shadow and larger lower shadow
• Last week’s pivot point 2647.15; R1=2669.54, R2=2687.59; S1=2629.10, S2=2606.71; No levels were breached
• An up week;  third 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 near 2639.41 is achieved; and the 161.8% extension target is near 2835.46
  • 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 near 2612.97 is achieved
  • 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 small red candle with almost no lower shadow and a small upper shadow; index gave up all of its day’s gains in the last hour of trading
• 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; on November 30, RSI-14 was 76.67 and the index was at 2657.74; RSI is rising and approaching the previous high
• 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=2665.86; R1=2668.87, R2=2674.89; S1=2659.84; S2=2656.83; R1 was breached
• Confirmed Uptrend

• Price action similar to that on Wednesday and Tuesday morning; drifting higher since 2:00 AM on December 6 in stairs from near the uptrend line from the lows of November 15; at the all time high
• 14-bar RSI continues to flash divergence – on December 11 the future was at 2667.75 and the RSI was at 78.15, on December 12 the future was at 2672.25 and the RSI at 76.79; RSI drifting lower
• 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; it is again under pressure
• Above a rising 20-bar EMA, which is above a rising 50-bar EMA

• Price action similar to that on Wednesday and Tuesday morning; near a resistance level, the all time; moving sideways since 4:30 PM on December 11
• At a flattening 20-bar EMA, which is at/above a flattening 50-bar EMA

• Envelop and Bollinger Band are mostly moving sideways since December 10 evening
• The Bollinger Band (20 EMA, 2 stddev.) started contracting at 6:30 AM; price tagging the lower band; contained within the envelop (20 EMA, 0.196%)
• The Stochastic (9, 1, 3) is falling; %K below 20 after going above it at 7:15 AM; %K has crossed below %D
• Below 20-bar EMA, which is below 50-bar EMA

1. Consumer Discretionary
2. Consumer Staples
3. Materials
4. Industrials
5. Technology
6. Utility
7. Heath Care

1. Energy
2. Finance
3. Real Estate