• 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 7 was a red candle with almost no upper shadow and small lower shadow; in danger of making  a 3-bar evening star pattern
• Last week’s pivot point=2878.86, R1=2893.20 R2=2914.72; S1=2857.14, S2=2842.60; S1/S2 pivot levels were breached;
• A down week in a row; third in last five weeks and second 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 small red real body candle with small upper shadow and smaller lower shadow;
•  %K is below %D, but trying to cross over from below 20
• At 20-day EMA, above 50-day EMA, 100-day SMA and 200-day SMA
• Uptrend

• The move from a low of 2865.00 on September 7 met a resistance at EMA50 and turned down and I approaching the previous low; below a down trendline from the high of August 29 but broken above a steeper down trendline from the high on September 4
• RSI-9 below 40 from near 65
• Below 20-bar EMA, which is below at EMA10 of EMA50
• Bias: Down-Side

• Declining since 11:30 PM; nearing the lows of September 7
• RSI-9 below 40 since 4:00 AM; potential bullish divergence just above 30
• Below 20-bar EMA, which is below 50-bar EMA
• Bias: Side

• Bollinger Band (20, 2.0) is moving down since 3:15 AM after a sideways move from 4:45 AM on September 19
• The band expanding since 3:15 AM with price moving along the lower band
• RSI below 40 since 3:15 AM; rising since 5:00 AM and making bullish divergence
• The Stochastic (9, 1, 3): %K crisscrossing %D and moving up since 4:30 AM from 0; bullish divergences
• Bias: Side-Down

1. Consumer Discretionary
2. Consumer Staples
3. Materials
4. Industrials
5. Technology
6. Utility
7. Real Estate
8. Telecom

1. Energy
2. Finance
3. Heath Care