• 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 September 28 was a small red candle – that looks like a doji – with almost equal sized small upper and lower shadows;
  • the whole candle, with shadows, was completely contained within the real body of previous week
  • Stochastics (9,1, 3) and RSI (14) are making bearish divergences
• Last week’s pivot point=2916.14, R1=2928.99 R2=2944.01; S1=2901.12, S2=2888.27;no pivot levels were breached;
• A down week after two up weeks; second in last five weeks and third 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 red candle with small lower shadow but larger upper shadow; gapped up at the open but it was closed in the last hour of trading; the index had turned red before closing with a small gain
• %K is still above %D
•  Above 20-day EMA, above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• Near the low of 2917.50 at 2:00 AM on October 2; a convincing break it will complete a double top pattern with 100% extension target near 2890.00 level
• RSI-9 made a bearish divergence at 10:00 AM on October 3 above 65; below 40
• Below EMA10 of EMA50, which is below 20-bar EMA
• Bias: Side

• Near the low of a horizontal channel; a break below 2917.50 will have a 61.8% target near 2900.00 level
• RSI-9 rising after staying below 40 from 2:30 PM on October 3 to 5:00 AM; above 40
• At/below 20-bar EMA, which is below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is mostly trending down since 2:45 PM on October 3
• The band was relatively narrow from 11:00 PM to 5:00 AM with price moving along the lower band; expanding since with price moving along upper band
• RSI-9 was below 40 from 2:30 PM on October 3 to 4:45 AM; near 50
• The Stochastic (9, 1, 3): %K is crossed below %D above 80
• Bias: Down