• 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 June 22 was a red spinning top candle with almost equal sized upper and lower shadow
• Last week’s pivot point=2757.69, R1=2772.18, R2=2789.49; S1=2740.38, S2=2725.89; S1/S2 pivot levels were breached;
• A down week; first in last five weeks and fourth 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
• Above 10-week EMA; above 39-week SMA and above 89-week SMA
• Uptrend resumed

Daily

• A large bearish engulfing candle that engulfed the previous harami doji
• %K crossed below %D after crossing above it
• Below 20-day EMA, 50-day EMA and 100-day SMA; above 200-day SMA
• Uptrend under pressure

• Fell from a high of 2748.00 near a previous resistance and a downtrend line to a support level near 2700.00; bouncing off the lows, a potential double bottom
• Declining since 10:00 AM on June 13 in steps; sequence of lower highs and lower lows resumed; below a downtrend line
• RSI-9 trending down since the high of 70.04 at 8:00 PM on June 20; broke above  downtrend line; now back at it after reaching 56.9
• %K crossed above %D at 4:00 PM on June 27 from below 10
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Down

• Broke below a symmetrical triangle below a resistance level near 2735.00 after crossing above it;
• Moving up since 4:00 PM on June 27
• RSI-9 fell below 40 at 3:30 PM on June 27 and made a bullish divergence; rising since, nearing 50
• At/below 20-bar EMA, which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is moving sideways to 9:15 PM on June 27 after falling during the day
• The band narrowed at 9:15 PM
• RSI mostly staying between 65 and 40 since 6:15 PM on June 27
• The Stochastic (9, 1, 3): %K crossed above %D at 5:45 AM from below 30 and made a bullish divergence; crossing below it from above 90 at 6:45 AM
•  Bias: Down-Side

1. Energy
2. Utility

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