Yes and no but difficult to say. Actually maybe not that big a drop or maybe no drop at all. 3050 may be the lowest. Maybe 3100 if anything but I doubt below 3k considering this recent pattern. It's been going up to this 3325 area it's currently at and then back down consistently for the recent past. Like this:
Look how it's been coming down to the blue line a few times consistently these past few weeks. Eventually it's gotta break out out this flag pattern and keep going up since that's usually what the pattern signifies but who knows if that'll be soon or if another drop back down to the blue line or near it may occur. You might get a bit of savings trying to wait for that to happen or it ends up running instead. It's definitely a gamble.