Following the model, the W4 should start on Monday next week and bring us to 16789 or 16674. I personally think more on 16789 as 16782 owns a year-to-date 61,8% Fibo line and also 100 is there while 16674 doesn´t have any significative indicator nearby.
Therefore, I´m short for next week, eyeing the FOMC statement on the 16th of March.
A short position has already been opened at 17200, just before Friday closing.
SL: 17350, above a
Once we achieve 16789 level, I close the short position and open new long position for a W5.