Nice thread. My own TA shows that we are in 4 year cycles and the last year or so of each 4 year cycle we have a correction. We are currently in a correction. I prefer Elliott Wave theory for demonstrating where we are in a cycle. I see the bottom of Wave A, of ABC, by mid-July at about 16k. The B wave bounce will go up to about 22-28k and the final wave C by the end of the year near about 10k, or worse.

So, in summary, I believe that I think that the correction won't be over as soon as you and that the B wave bounce will be perceived by many (incorrectly) that the correction is over.