I say in a non manipulated market what you are saying would happen. But in this well control market if we dip in August that would be too close to the election. Someone needs a photo op by Nov on stock market success. Pull back now and PUMP like hell. Believe in the FREE market!
This is a lot of volatility in a very short period. Might have to take off a leg or two. From the move yesterday, it sounds like SOMEONE has given the FED the green light to dip the market for 15% and pull it up before election. If the correction doesn't happen now it will hit the wrong time in November.