NASDAQ Index Walking the Line

The NASDAQ Index has approached a defining line, which is likely to form the boundary between calling this market a "Bear Market Rally" and a "New Bull Market."  What is that level, and how close are we now to it?  Let's take a quick look at the NASDAQ Weekly Structure. There are a few key points to watch, as noted above. 61.8% Fibonacci (of Whole Bear Market):  2,251