We are in a big bull market which has never been seen before. This bull market will have some setbacks before more progression. I believe we are in a classical 12345 since the end of March 2020. usually, corrections of wave 2th and 4th are equal in size. Now combining what is going on around with technicals, both points to the downside.
Please note that I'm not a financial advisor and these are my personal thoughts. I can be Wrong 1 out of 10.