Doing a standard ext from 1876, 4280, 2440 100% is at 4860. From a 20 yr history never have two highs or two lows been that close together, even if we go thro that next stop is 161% 6350 which same issue, that is going to run too close to the 6040 high from july 2008.
Either way its going to have a tough time dipping below 3433, that fib played an important role through the last accumulation thru dec-jan, and it couldnt be broken 2 weeks ago.