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

• The week ending on December 15 was a large green candle following a near doji for previous week
• Last week’s pivot point 2668.97; R1=2686.47, R2=2697.13; S1=2658.31, S2=2640.81; R1 was breached
• An up week;  fourth 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 red candle that opened near the middle of previous red bodied candle and closed below its lows; 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; on November 30, RSI-14 was 76.67 and the index was at 2657.74; on December 12 the index was 2669.72 and RSI was 74.77; on December 18, the index was at 2694.97 and the RSI was at 75.91 and RSI fell on December 19
• Last pattern, a down-sloping flag in June that was broken to the upside on July 13, 2017; 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=2682.12; R1=2688.36, R2=2697.02; S1=2673.24; S2=2667.22; R1/S1 were breached
• Confirmed Uptrend

• Futures rising since 4:00 PM on December 19 after falling during the day for the second time in a row; 10:00 AM candle had a long lower shadow and small real body and its low is acting as a support
• Broke below a horizontal channel at 8:00 AM on Tuesday; the height of the pattern is approximately 6.00 points; the 161.8% extension target near 2983.00 was achieved on Tuesday; the price has turned back from just above the broken lower bound of the pattern, which is acting as a resistance
• 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
• At drooping 20-bar EMA, which is at/above flattening 50-bar EMA

• Early morning price action similar to that on Wednesday but at a lower level – rising since previous NYSE session close and act a prior broken support level and following a reversal candle during the day, which is acting as a support
• RSI-14 hasn’t broken above 65 since 2:30 PM on December 18 except once for one candle
• Above recently rising 20-bar EMA, but below flattening 50-bar EMA

• Bollinger Band (20, 2.0) has been moving sideways since 2:30 PM on December 18; the bias is to the downside since 9:30 AM on December 19
• The band contracted from 10:30 PM on Wednesday to 5:00 AM; it is expanding since then
• MFI-14 declined from 8:30 PM and made a low of 26.43 at 3:15 AM; it is above 80 since 6:0 AM
• The Stochastic (9, 1, 3) made a positive  at 3:15 with a  %K low of 8.33; it crossed above 90 at 4:45 AM and has stayed above it since then

1. Energy
2. Materials
3. Industrials

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