• 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 May 18 was a small red spinning top candlestick, which was also a harami candle just above the upper limit of a symmetrical triangle
• Last week’s pivot point=2723.65, R1=2739.92, R2=2758.51; S1=2705.06, S2=2688.79; R1 pivot level was breached;
• An up week; second in last five weeks and fifth 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; Last swing high, 2872.87, was during the week of January 22, 2-018; the low since the last swing high is 2532.69 during the week if February 5, 2018
• Below 10-week EMA; at 39-week SMA and above 89-week SMA
• Uptrend under pressure

Daily

• A relatively large red candle that gapped down at the open; upper shadow smaller than the lower shadow; the low for the day was just above the lower limit of a symmetrical triangle that was broken to the upside on May10;
• Below 20-day EMA; at 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend resumes

• The break below a horizontal channel achieved the 61.8% extension target near 2675.00 and then bounced back up to the lower limit of the channel; breaking above the lower limit
• Uptrend since 10:00 AM on May 3 with sequence of higher highs and higher lows has broken
• RSI-9 made double bottom near 18.6 with price lower at second bottom; bounce up above 50 and approaching 65;
• At 20-bar EMA, which is below EMA10 of EMA50
• Bias: Side-Down

• Bouncing up from a low 2675.00 at 3:00 PM on May 29; forming an up-sloping flag
• RSI rising from a low of 17.04 at 5:00 AM on May 29; made a bullish divergence at 3:00 PM; rose above 65 at 6:30 AM
• Above 20-bar EMA, which is breaking above 50-bar EMA
• Bias: Down-Side

• Bollinger Band (20, 2.0) is sloping up since 4:30 PM on May 29
• The band was narrow during Monday, which was Memorial Day holiday; expanding since 1:45 AM with price hugging the lower limit
• RSI mostly between 40 and 65 since 3:15 PM on May 29; moving along 5 since 6:00 AM
• The Stochastic (9, 1, 3): %K crossed above %D at 4:45 AM from below 20; above 70
• Bias: Side-Up

1. Utility (Unch.)
2. Real Estate

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