A picture is worth 1000 words.....

This picture shows the potential of a good 88.1 % Fibanocci retracement. Given a $28 upper support level, but not to be confused with sp peak, and when multiplied together may equal approx. $3.34

Also, fairly close to a double bottom formation, confirmation...lol.

If the sp gravitates back down to this base line, then in theory, all systems a go.