Starting from the MONTHLY CHART below, it's preatty clear that the SPI200 failed to reach level 4,400 and it actually stopped right on level 50% (4,363). If an A-B-C-D-E unfolds the target could be 3,700.
In the WEEKLY CHART below I use a count of 7 waves - in red - which is equivalent to a 3 wave retracement pattern. Instead a count of 9 is equivalent to a 5 wave pattern - in white.
The chart completed 5 waves up and doesn't seem to be willing to rise any further. The relevant information in this chart is that curious formation called PINOCCHIO, a candlestick that shows a possible target at 3,700.
The daily chart below confirms 5 waves up - in white. Short tem target a 4,200 (the red line). Note the channel in blue: the chart touched the boundaries 4 times. Consequently, it's expected to breakout soon. The last wave up (wave 5) is considered a "through over", an indication of impending reversal according to Gann.
The 4H CHART below shows the completion of 9 wave up - equivalent to 5 waves - after wave 4 in ligtht blue. The last 2 candles with long tails confirm the possible reversal pattern. This is also a double top which further confirms a reversal condition.
Finally, the 1H CHART below shows clearly all 9 waves up, plus a double top. Also, just under the number 9, there is a reversal engulfing candlestick pattern.
What I will try to do: shortening the index by entering just below level 4,350. Target 4,302 (level 50%).