Now that we have some data on this move out of the February 11th bottom, we can see which exponential trendline is being followed (the green one). I have extended that trendline out to where I believe it runs out of gas, ideally, on or about April 4th. Looks like it reaches about 2050 or so.
When you plot this as a LEVEL, you can see that puts you just 62% higher than we are now. That implies a lot of volatility with not much progress for several weeks, certainly what you might expect of a weakening market, getting ready for a very bad summer and fall.
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