If it closes below the next target level the its an indicator of a continued downtrend, however f it closes above the 16898 target zone then its an indication of the index rising to the next target level of around 16985. As its opened above its 16826 zone (Red Line) along with the open above a 50% Fib line, I am looking to go long on this position to the next target level.
I've taken my profits, as well as everyone else I hope. I am looking to go long today and hopefully cash in a decent profit !!