From EW aspect, I think the drop from 2019 high is forming a 5th wave extended Ending Diagonal (Terminal), which has not met the satisfactory levels for the last wave yet. And we can expect another drop after a short break.
From PA aspect, 62 support has been flipped to resistance and trend should continue after a retest. 50 is a reasonable target.
Crossing above 62 with relatively high strength will be a warning for further continuation of bullish trend.