Read also my analysis about Tesla . The hype in Tesla describes it perfectly, that the market got crazy. Now we might see a phase of some cash outs and profit taking. July, August and September are also not the best monthS to be invested on the stock market.
I´m convinced that the FED will not let crash the market a 2nd time in one year, especially not in a year of presidential elections. Election years are usually positve years for the stock markets, mabye not when they end with 0.
A correction phase of 10-15% would be great. It´s a normal breath for the market after such a long rally. Further it would also bring in new investors, which missed the rally since the lows in March. If we might already close below 10.000 this month, the candle formation "Gravestone Doji" will trigger a sell signal par excellence. Then we could also see 8.400 (best case) or 6.700 (worse case - March lows).
>> And never fortget ! -- Plan your trade and trade your plan ! <<