It could also fail at that all time high (or even around now as we are close enough).
We won't be going to 20k in one straight line, it's simply a question of when the reversal will happen and with how much force. I'm still counting on either a 6k test or a 5.4k bottom (could go lower though), and I'm also ready to react if the market has a different idea. Charts are to help us point out patterns and key levels. 8500 - 8700 is KEY to me ... so I'd watch it closely.
Remember only a fool relies on one potential outcome.
Do not use this information for investment decisions. For educational purposes only.