When we look at the weekly level, here too we have exceeded the top of the upward channel which stood at 23486.89 for this week. A Phase Transition target resistance for 2018 will stand at 28641 level whereas a Plateau Move would be 55,794. So hold on to your hats and grip the chair tightly. The future is being revealed to us little by little. DO NOT short this market until we at least elect a Daily Bearish Reversal and even then I would not look at it without a Weekly Bearish Reversal being elected. The risk is on the upside until we see how 2018 opens

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