Cyclic topology of current downtrend and a possible correction

Quick chart for reference. The fact that the local reversal line (dashed green) is at an oversold instead of -bought this time means reversal of the large trend.
It missed my 6 days old target (3466) by less than 0.1% (though the timeframe was pretty off), let's see where the bulls can take this now that they finally got a chance.

Make sure to take profits on overboughts at any cycle line