Projected target is about $2600 - $2800 late May/early June.
Forcing Fib spiral through that zone of confluence results in several possibilities for the next high.
1. Pink: Lower high within the down
2. Orange: BO from the down trend and lower high beneath the all-time high log
3. Purple: Breakout from the all-time high log (exit the bear market)
At this point I favour continuation with a lower high in the pink zone.
nb this is the updated version with correct placement of the next high for spiral 5
These would need to correspond to 2017 highs X & Y.
I don't know if the circle itself is a target. The more i think about it, the less convinced I am that spirals are related to it. However, the HVF and Fib extension targets are still legit.
Anything more is a guess at this point.