Potential consolidation around the 200-day SMA?

Here’s my view for the near term:

Potential reasons for a market pullback include:
1. Overstretched valuations
2. Uncertainty around the U.S. election
3. Year-end tax selling or portfolio rebalancing before December

If the price dips below the 200-day SMA, this might indicate a shift toward correction and consolidation rather than a temporary dip, possibly creating a buying opportunity. If modest growth persists, consolidation may continue. I also expect a return to normalcy after the U.S. election, assuming no significant policy impacts.

Any feedback or additional thoughts are welcome!