• 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 July 20 was a small doji candle
• Last week’s pivot point=2802.61, R1=2815.98, R2=2830.13; S1=2788.46, S2=2775.09; R1 pivot level was breached;
• A third up week in a row; third in last five weeks and seventh in last ten weeks
• Breaking above an ascending triangle but still within an upsloping flag; a 100% extension target would be near 3070.00 level
• 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 spinning top green candle with small lower shadow and smaller upper shadow; a bullish engulfing candle
• %K is crossing above %D just below 90;
• Above 20-day EMA, 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend resumed

• Broke above a downtrend line from a high of 2818.25 on July 18; breaking above the high
• RSI-9 rising from a low of 32.56 at 8:00 PM on July 22 after making a bullish divergence; crossed above 75 and back below it
• Above 20-bar EMA; which is above EMA10 of EMA50
• Bias: Up

• Broke above a descending triangle; 100% extension target is near 2830.00; also broke above a triple bottom with a 100% extension target near 2828.00
• RSI-9 is rising since 11:00 PM on July 22; crossed above 65 and now back below it
• Above 20-bar EMA, which is above 50-bar EMA
• Bias: Side-Up

• Bollinger Band (20, 2.0) is moving up 1:45 AM on July 23;
• The band contracted during Asian session; expanding since 2:45 AM
• RSI mostly between 40 and 65 since 00:15 AM on July 23;
• The Stochastic (9, 1, 3): %K crossed above %D at 7:30 AM
• Bias: Up

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