Be careful what you wish for. If the market goes to $3K, there's little doubt in my mind it's going much lower. Too much time has passed and too much accumulation has occurred for a double bottom.

If $3K, then this becomes a decent possibility:


Yes, his target is $771. Triple digits.

I don't think $3K is likely at all however. I'm not worried about that scenario until and unless the market is trading near $5K or below. A Fibonacci retracement that far will be a warning that the March-May bull market has terminated.