I checked the chart of the 2014 bear market and there the 'fair value' turned out to be the short period on a higher level:
If that is the case in this bear market too, the bottom could be 5800 and since we are on the 4th bounce around that level today this would be exactly the end of the bear market IF history repeat itself quite exactly.
I was thinking the same thing, drew this before seeing that chart. Might not pan out but I hope it does.
That would be a good news, its still testing the bottom and the 5.8k-6k resists, so you might be right
Good point.