The stock market actually goes up more often than it goes down from May - October. The stock market has a 50-50 chance of going up from May - September https://bullmarkets.co/study-why-you-shouldnt-sell-in-may-and-go-away/
50-50 sounds OK. But, only 50-50? Maybe, given the inherent upward bias of stock indices 50-50 isn't so good?