• 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 29 was a red candle with almost no upper shadow and longer lower shadow
• Last week’s pivot point=2718.82, R1=2745.65, R2=2772.92; S1=2691.54, S2=2664.72; S1/S2/S3 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

• An almost bullish engulfing candle; opened with a gap down that was also the low for the day;
• %K continues to stay above %D after crossing from below 20
• At 50-day EMA but below 20-day EMA; above 100-day SMA and 200-day SMA
• Uptrend under pressure

• Price turned around from a low of 2698.50, near the lower limit of a trading range, at 2:00 AM July 2;
• 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 rising since 2:00 AM on July 2 from a low of 29.08
• Above 20-bar EMA, which is at/above EMA10 of EMA50
• Bias: Down-Side

• Nearing the upper limit of a horizontal trading range in effect since 9:30 AM on June 25
• RSI-9 rising since 3:00 AM on July 2 and is above 70
• Above 20-bar EMA, which is above 50-bar EMA
• Bias: Side-Up

• Bollinger Band (20, 2.0) is trending up since 1:30 PM on July 2
• The band narrowed during Asian session and then expanded slightly at 1:30 AM
• RSI is above 40 since 9:30 AM on July 2 and above 50 since 1:30 PM; is above 65
• The Stochastic (9, 1, 3): %K crisscrossed %D around 70 since 4:00 AM; dipping below 70
• Bias: Side-Up

1. Consumer Discretionary
2. Industrials
3. Finance
4. Technology
5. Utility
6. Heath Care
7. Telecom

1. Consumer Staples
2. Energy
3. Materials
4. Real Estate