NASARAVI - No the weekly is still in Phase II.
As for advanced warning mechanism's, watch the EMA 3/8.
The EMA 3/8 on the Daily made a bearish cross on the 12th, also the Daily MACD(12,26,9) made a bearish cross.
The Weekly EMA 3/8 has not made a crossing yet. The gap there is 11.66 pts.
Also the weekly MACD has not crossed.
So it's looking right now that the Daily Phase I is going to last longer than I anticipated.