Ok three weeks after this post when bulls were supposedly screwed. Let's look at NA index performance since ( Oct 5 - Now ) : SPX +5.5% ( 4345.72 - 4583.90 in futures ), TSX + 5.5% ( 20183.43 - 21284.84 ). WTI roughly from 79 to 83+. Chances of an epic selloff soon are basically negligible.
The monthlong September selloff demonstrated market weakness. Moving forward it'll be up or down based on earnings this week and next, fed stimulus bill etc.... still unpredictable til those are done. Following VIX to see when it gets back > 18
5% down in September off the ATHs ( basically 0% in Canada ) is not a "sell off" it was consolidation and sector rotation in what is normally the weakest month of the year. Market weakness ? Come on now we are making new market ATHs. I had no problem finding pockets of strength in September. A true sell off when it occurs will likely start with a 3-5% gap down one morning that sticks and I doubt we get it this year. The same drop over a month is nothing.