Even For a 50% Bounce we need new money buying.....based on current Macro i ask who is willing to buy, so even a 50% bounce before CPI means new money will take a bet that CPI number will be low and fed will pivot.....(after Powell spelling it out in J.Hole that even after low CPI print he wont pivot and has to hold interest rate high ) who will buy and that also consecutively for few days to reach 4150...so i expect it to tag 3900 and may be for NFP a DCB to 4050 and continue down to 3750 before CPI.....