Today is the 18th bar in the daily cycle, it should produce a bottom. Instead it made a higher high on the 17th bar. It’s knocking on the door against the 38% retracement at 23.63. If today it takes out 23.63, it will have more room on the upside. Overcoming 23.63 would indicate a beginning of a new daily cycle. Watch out for 23.63 level. Long term it is still very bearish.