I already correctly predicted the downturn of last week (see linked ideas) but it didn't go through all the way I expected. Basically, we are at a Fibonacci crossroads. Either the trend would end this month or would go further for a few more. Either way, a correction is happening this month. There are many signs of ailing enthusiasm and the market is tending towards the slower pace of pre-COVID19 trends. Yet, there are no signs of an imminent abrupt crash. Hence, I am going with a significant correction (upper trend line) short of a crash (lower trend). The price target is 37000.
