Since the beginning of the year the index gained more than 1.0% also last week rose more than 1.5% and is in an accumulation phase since mid-March. Last week the index rallied with a wide range and closed near the high of the week, in addition managed to close above previous week high, suggesting a strong bullish momentum. The Stochastic is showing an overbought market however is still displaying a strong bullish momentum. Expecting an upward move to a weekly resistance at 2,119 (scenario 1) on a break above the previous week high at 2,066.75 or a bounce from a weekly support at 2,014 could push the index up to a weekly resistance at 2,119 (scenario 2).