Weekly Chart, Market has been impulsively bullish since August 2015. Of that rally I am expecting the current steep increase in price to have been wave 3. Now wave 3 may end at current price level or move up to touch 3040 price zone. But once it starts moving down i expect it to only go down 23% in price and then another buying opportunity will be presented there. So lets wait till it confirms that wave 3 is complete.