Maybe not, it's a different trading environment. But, markets are priced for perfection and since this is not a perfect world then expect more pullbacks than rallies during the next month or so.
"DecisionPoint tracks six-month seasonality, and we are now entering a period of unfavorable seasonality. Typically, between May 1st and November 1st, the market experiences doldrums and finishes either lower or unchanged. That clearly occurred in 2020. The market finished the period of unfavorable seasonality slightly higher than where it was at the beginning of May. It then finished the period of favorable seasonality much higher.