the rally that will continue into fall should look a lot like what we have experienced since the lows, with a bigger pop toward the final top. I have had that the biggest retrenchment would be for two weeks and less than 4%, and that it was most likely to be early so i think this is it. Other sell offs may not get as far as the 21 day...just imho edit: other drops will break the 21 ema, but not penetrate it by much