The US technological index ended 2017 with a gain of almost 36.4% also last week rose more than 5.5% and remains in a bullish phase since early July. Last week the US index rallied with a narrow range but closed near the high of the week, in addition managed to close above the previous week high, which suggests a strong bullish momentum. The stochastic continues to show an extreme overbought market but is still displaying a strong bullish momentum. Expecting an upward move to a Fibonacci expansion at 6,926.54 on a bounce from 2017 high at 6,669.25 (scenario 1) and a bounce from the Fibonacci expansion at 6,926.54 may trigger some profit taking down to a weekly support at 6,669.25 (scenario 2).