During February, March and April 2025 Market Makers (and Bankers) pulled the markets back by using tariffs as an excuse. It appears Exchange Insiders are waiting for October, after the end of the fiscal year, before starting a significant decline. That is when the Washington D.C. corporation is expected to pay its creditors. Unfortunately, this corporation has trillions in debt and unfunded liabilities. They do not have the assets to pay their creditors and will do what ever is needed to to avoid it, including a market collapse. Time will tell. In the interim, a steady move up into August and September is expected.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.