Average dynamics show that a pause or local pullback is possible in the short term. This is a normal relief after overbought conditions.

After 12 months, the S&P 500 and NASDAQ closed higher in 100% of such scenarios. The average gain is about 20% for NASDAQ and 13% for S&P 500.

It's useful to remember that the record winning streak for NASDAQ-100 was in May 1990, when it lasted 19 consecutive trading days.