• 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 August 24 was a green candle with almost no lower shadow and that closed near the middle of week’s range;  gapped up at the open on Monday and made all time highs
• Last week’s pivot point=2900.90, R1=2917.12, R2=2932.71; S1=2885.31, S2=2869.09; R1/R2/R3 pivot levels were breached;
• A second up week in a row; fourth in last five weeks and seventh in last ten weeks
• Broke above an ascending triangle but retraced back to its upper limit; 100% extension target is 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 2639.44 and the 161.8% extension target near 2835.46 are achieved; the 261.8% extension target is near 3013.72
  • 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

Daily

• A relatively large red real body candle with small upper shadow and longer lower shadow; the low on Thursday is filled the gap that was opened on August 27
• %K is below %D after making bearish divergence
• At/above 20-day EMA, above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• Declining from a high of 2917.50 at 2:00 PM on August 29; broke below a support/congestion level near at 2894.00; the 100% extension target near 2879.00 is achieved
• RSI-9 is below 40 since 8:00 AM on September 6
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Down

• Broke below a symmetrical triangle at 10:00 AM on September 6; 100% extension target near 2868.00 is achieved; the bounce was met with a resistance at the broken lower bound of the triangle
• RSI-9 rose above 40 at 2:30 PM on September 6 but is below 50 since then
• Below 20-bar EMA, which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is moving sideways since 3:00 PM on September 6
• The band narrowed, relatively, from 11:30 PM to 2:00 AM; expanding since then with price mostly moving along the lower band
• RSI declined from a high of 66.71 at 2:30 AM to 35.48 by 6:00 AM; crossing above 40
• The Stochastic (9, 1, 3): %K crossed above %D at 6:00 AM near 10 after making a bullish engulfing
• Bias: Down-Side

1. Consumer Staples
2. Materials
3. Industrials
4. Utility
5. Heath Care (unch.)
6. Real Estate

1. Consumer Discretionary
2. Energy
3. Finance
4. Technology
5. Telecom