Given the suspiciousness of this as a 2 (discussed here), let me try this.
If they squeeze us to 3801, then I can explain it this way. I like the broadening formation. If that structure is right, then we should be in “E” of that (in green). Green “E” should be a 3-wave move (the blue a-b-c). So, there is then wave balance (38.2% extension) between blue “c” and blue “a” (of Green “E”) at 3801.
So if they squeeze us there, that is one place for Green E to stop. I wouldn’t want it to go too much higher though as we should stay close the broadening formation. Poking through it is ok, leaving it altogether is bullish.
Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.