After a strong rally US stock market stays in a range for some days. I've marked some similar cases for last 2 years on a SPY chart below. If it moves higher from here, there will be a dangerous situation with a potential of serious correction of whatever the market gained during this rally. If it steps back just for couple of days, then more upside may follow. I really hope for a second scenario.
lots of strong companies with good Qs so i think its up. i agree
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I expect upside too in a horizon of several months, but such a strong movement may be corrected short-term.
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I think till October we are quite safe.
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And what risks will happen in October the market has not yet priced?
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just that people are always edgy about October and the group effect cannot be ignored.
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Stocks sometimes grow after the probably-risky-event just because the waiting is over.
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