The Wilshire 5000 Total Market Index is well above the 50% retrace. I would not be surprised to see a third push downward to the 50% price level at the 25% time cycle which will happen around October.
Price is currently above the 2:1 descending Gann angle. If we do move higher I see the 1:1 angle as significant resistance.
Chart courtesy of Stockcharts.com
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