Courtesy SBK tech analysis: Trending sideways: The TOP40 Index has clawed back losses following a 650 points drop on Monday. However, it has encountered resistance at 18,670, and if it closes below this level today, downside to the 17,183 support level would be possible. A further pull-back to the 15,850 significant base could happen thereafter. Alternative scenario: If support is maintained at 17,183, then the trading range would change from 15,850 - 20,600 to 17,183 - 20,600 - which would be a bullish sign. A positive breakout would be possible thereafter. Movement above 20,600 would even inspire upside to the 26,320 targeted resistance level. Lets watch that 18670 level.