By my calculations, there is a final drop into the low 20k area. Maybe it just taps 24 again.

Nevertheless its at 30k right now, and there has been a break of the 5 day Up VTL meaning the 31750 area or 32000 area is a decent sized stop if you trust cycles that small, otherwise the stop is higher at 40k which is unacceptable as an initial stop.

The entry is on a break of may 17th lo 29400 if not confident at the market.

Target 24000 for 20 week cycle trough formation, due in a week or so.

It will probably move sideways to down after that.