• 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 relatively large red candle with no upper shadow and a lower shadow almost equal to the real body; the index gapped down at the open that did not close
• %K crossed below %D
• Below 20-day EMA; above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend Under Pressure

• Broke below an intermediate low between to high and completing a double top; 100% extension target near 2892.00 is achieved; the 161.8% extension target is near 2877.00
• RSI-9 rising from a low of 19.95 to 40
• Below 20-bar EMA, which is below EMA10 of EMA50
• Bias: Side-Down

• Below a down trendline from October 3 high; just below a resistance level of 2913.25
• RSI-9 rose from a low of 19.92 at 2:00 PM on October 4 to just above 50
• Above 20-bar EMA but below 50-bar EMA
• Bias: Down

• Bollinger Band (20, 2.0) is mostly moving sideways since 7:30 PM on October 4
• The band was narrow from 11:00 PM to 3:00 AM; expanding since with price moving along the lower band till 4;30 AM and is now approaching the upper band
• RSI-9 rising from a low of 24.72 at 4:30 AM to above 50
• The Stochastic (9, 1, 3): %K is crossed below %D above 80 at 7:15 AM
• Bias: Down-Side