This expected rally may either be retracing the fall from 11214 or 11978. Accordingly the time & price retracements will vary. Keep such a calculation handy.
“Warren decided early in his career it would be impossible for him to make hundreds of right investment decisions, so he decided that he would invest only in the business that he was absolutely sure of, and then bet heavily on them. He owes 90% of his wealth to just ten investments. Sometimes what you don’t do is just as important as what you do.”