It looks like the summer rally lasted for about four weeks.

The month of July has been just as volatile as this whole year has.

The beginning of the month started out strong with the S&P 500 rising about 3.5% in the first two weeks.  Then it peaked around July 16th and started a decline of 4%, ending up almost where it started. 

Let’s take a look at the chart above that I look at every day the stock market is open.  This is a chart of the S&P 500 with several data points. 

Specifically, it shows the following: