The DJI index motion since August 2015 can be classified as 1-2-3 (upward corrective), of which the 3rd wave may be sub-divided into a(done)-b(w-x-y-x-z(current))-c(pending). 16400 is anticipated to represent the termination of the z sub-wave, unless b is of the w-x-y form and the consolidation lower boundary acts as support. In this case the last 2 sub-waves could be identified as 3.c.1 & 3.c.2, leaving the development of 3.c.3 (perhaps a prematurely optimistic scenario).