• 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 February 23 was a small green candle with almost no upper shadow and small lower shadow following a large green bodied candle with +4.3% advance, which had followed a -5.2% decline previous week
• Last week’s pivot point=2730.94, R1=2764.12, R2=2780.93; S1=2714.13, S2=2680.95; no pivot levels were breached;
• An up week; two in a row, third in last five weeks and seventh 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
• Below 10-week EMA; at 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A large red candle with small upper and lower shadows
• 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
• Bounced off 200-day SMA on February 9
• Below 20-day EMA and 50-day EMA; above 100-day SMA and 200-day SMA
• Uptrend under pressure

• Broke below a support on March 1; a small bounce was turned back at the broken-support-turned-resistance
• RSI-9 mostly fluctuating between 25 and 40 since 12:00 PM on February 28
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Down

• Broke below a symmetrical triangle or a pennant at 4:00 AM; 00% extension target near 2653.00 is achieved
• RSI below a downtrend line since February 26; mostly below 50 since 10:30 AM on February 2
• Below 20-bar EMA which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is moving sideways with a down bias since 7:30 PM on Thursday
• The band contracted from 7:30 PM to 3:45 AM and is expanding since then
• RSI is mostly between 50and 25 since 12:00 PM on Thursday
• The Stochastic (9, 1, 3): %K is making a bullish divergence at 8:00 AM
• Bias: Down-Side

1. Utility

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