After yesterday's action, the stock market is poised for a near-term breakout. However, there's no guarantee. (Besides, if it does breakout, we think it will still provide a great opportunity to raise cash.)
If the stock market fails at a key technical resistance level because it has run out of momentum, it's not good. When it fails at a key resistance level due to a negative change in the fundamentals, it's much worse.
We're now in the "quiet period" for the Fed, but it doesn't matter. We already know that they're going to "pause" soon. Thus, the next big move in the stock market will be determined by the upcoming earnings reports/guidance.