• 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 piercing green candle ; the high for the day reached 50-D EMA
• %K crossed above %D from below 20
• Below 20-day EMA, 50-day EMA; above 100-day SMA and 200-day SMA
• Uptrend under pressure

• Bouncing from the low near 2693.25 at 8:00 AM on June 28 to a downtrend line form June 20 high
• Declining since 10:00 AM on June 13 in steps; sequence of lower highs and lower lows; a break above 2748.00 will break this sequence
• RSI-9 trending up since the low of low of 15.68 at 10:00 AM on June 25; a decline from near 65 on June 27 stopped just below 40; coming down below 65
• %K crossed above %D at 4:00 PM on June 27 from below 10
• Above EMA10 of EMA50, which is above 20-Bar EMA
• Bias: Down-Side

• Near the upper limit of a horizontal trading range of nearly 35 points; a break above 2737.25 will create a target near 2770.00; moving up since 8:30 AM on June 28
• RSI-9 mostly between 40 and 65 with couple of breaches above and below; made a bullish divergence at 8:30 Am on June 28; rising since above 50
• At/above 20-bar EMA, which is above 50-bar EMA
• Bias: Side

• Bollinger Band (20, 2.0) is trending up since 12:30 PM on June 28
• The band narrowed briefly at 3:00 AM; again expanding with price first moving along upper band and then lower band
• RSI is staying 40 since 9:15 AM on June 28; mostly above 50 since 10:30 AM
• The Stochastic (9, 1, 3): %K crisscrossed %D below 20 in early European session; rising above 80
• Bias: Side-Up

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

1. Energy
2. Utility