We are in a profits taking rally at the end of the down trend starting from 12/6/16. It is little too early to forecast the target where the current rally will likely end. We need to see an modest pullback first. Then the market could rally again to the target where we could see the likely zoon where the rally could end. Then, short sellers will step in and start an another down trend. I am still seeing the market will see new lows this year. In the near term, we could go long the rally after it pulls back for the next few days or weeks.