Because we have not broken the 200 EMA, and are trending down, I don't see this going up, maybe to 60k for a rally wave on fib, but then I see 45 bottom July or Aug, and the last pump up starting around October thru Jan 2025 maybe Feb, we will have to wait. I still only think 85K 95K top of bull run in 2025. I would like to see some consolidation after the bottom hits and not a V bottom, we have formed a few fake W formations from the V so I tend to ignore V's but a good consolidation would prove a bottom. If we are consolidating now, I would want to see 56k to 57k waves 5 or more, then I would think the bottom was 53K. I'm still voting on 45k as a bottom.
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