• 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 January 19 was a small body green candle, a hammer with almost no upper shadow but large lower shadow; the  weekly change was a healthy +0.9% but lower than previous two weeks’ +.26% and +1.6%
• Last week’s pivot point 2796.42; R1=2824.021 R2=2838.11; S1=2782.52, S2=2754.73; 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 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
• Above 10-week EM; above 39-week SMA and 89-week SMA
• Confirmed uptrend

Daily

• A green candle at the high with small lower shadow and almost no upper shadow
• Last big pattern, a down-sloping flag in June 2017, was broken to the upside on July 13, 2017; in August the index declined and tested the broken upper limit of the flag; since then the index has made three very small flags; it broke to the upside of the last flag on January 2
• Above 20-day EMA but above 50-day EMA; Above 100-day SMA and 200-day SMA
• Confirmed Uptrend

• Trying to sustain the break above an ascending triangle with futures hovering around the upper bound of 2809.00 since 8:00 PM on January 20
• Futures are moving higher since 4:00 PM on December 29 in steps; decline from 8:00 AM on January 16 bounced off a support at the EMA50 twice on January 16 and 17
• RSI-9 diverged – 6:00 PM on January 14 the price made a high of 2787.50 and RSI was 90.39; at 4:00 AM on January 16, the price made a high of 2803.50 but the RSI was at 85.63; RSI fluctuating between 40 and 65 since 10:00 PM on January 16
• Sequence of higher highs and higher lows since 10:00 AM on November 2 and since August 29 with few exceptions; under pressure
• At/above rising 20-bar EMA, which is above rising EMA10 of EMA50

• Bounced off an uptrend line from the lows at 10:30 PM on January 18; retreating back to it before the open
• Emerging ABCD – bullish; Target AB=CD at 2820.75; 161.8% extension target near 2838.50
• RSI-14 mostly staying above 40 since 6:30 PM on January 16 indicating upward bias since then; price moved up from 2779.00 till 3:00 PM on January 17 to 2809.50; since then it hasn’t gained much
• Above 20-bar EMA, which is above  EMA10 of EMA50
• 8:30 AM was bearish engulfing candle that brought prece back to the uptrend line

• Bollinger Band (20, 2.0) is sloped sideways from 6:00 PM on Sunday
• The band contracted from 11:00 PM to 6:00 AM; it expanded and the price moved along upper band too 8:30 AM ; price at the mid point before open
• MFI-14 mostly above 50 and rising since 00:30 AM from 31.37
• The Stochastic (9, 1, 3): %K dropped to below 0 from above 80 at 8:45 AM; it is staying below it before open
• Emerging bearish ABCD pattern

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

1. Energy
2. Utility