No strong reaction at key level = possible start 3rd leg EW

We took too long at this key fib resistance level. I'm leaning towards breaching 26k. However, 26.7k strong reaction is a SFP of the whole bearmarket channel where we can reach even new lows...so that's definitely I'm watching. However, with this 20% move up...so impulsive...I'm not sure if we ever see beneath 20k again.