Is this market setting up for another summer sell off ?

For the week Dow is up 249 point (1.89%), S&P500 is up 27 point (2.0%), and Nasdaq is up 43 point (1.47%). Since June 4th, Dow is up 721 point (5.95%), S&P500 is up 52.81 point (4.13%), and Nasdaq is up 102 point (3.47%).

The chart of Dow looks similar to previous year and it seems its setting  up for yet another  sell off

S&P500

Dow unusual volume activity

TIME (ET)	REPORT	PERIOD	ACTUAL	PREVIOUS

SUNDAY, JULY 1
7:50 p.m.	Japan tankan for large manufacturers	Q2		5
	China HSBC manufacturing PMI			48.4
MONDAY, JULY 2
3 a.m.	Turkey GDP	Q1		5.2%
4:30 a.m.	U.K. manufacturing PMI	Jun.		45.9%
TUESDAY, JULY 3
12:30 a.m.	Reserve Bank of Australia decision			3.5%
8 a.m.	Brazil industrial production	May		-0.2%
WEDNESDAY, JULY 4
4:30 a.m.	U.K. services PMI	Jun.		53.3%
THURSDAY, JULY 5
6 a.m.	Bank Negara Malaysia decision			3%
7 a.m.	Bank of England rate decision			0.5%
7 a.m.	Bank of England asset-buy target			GBP325 bln
7:45 a.m.	European Central Bank decision			1%
8:30 a.m.	ECB press conference
FRIDAY, JULY 6
8 a.m.	Brazil inflation IPCA	Jun		0.36%

NEXT WEEK'S U.S. ECONOMIC REPORTS

TIME (ET)	REPORT	PERIOD	ACTUAL	FORECAST	PREVIOUS
MONDAY, JULY 2
8:55 am	Markit PMI	June		--	52.9
10 am	ISM	June		51.5%	53.5%
10 am	Construction spending	May		0.1%	0.3%
TUESDAY, JULY 3
10 am	Factory orders	May		0.2%	-0.6%
TBA	Motor vehicle sales	June		13.8 mln	13.8 mln
WEDNESDAY, JULY 4
	None scheduled Independence Day
THURSDAY, JULY 5
8:15 am	ADP employment	June		--	133,000
8:30 am	Weekly jobless claims	6-30		387,000	386,000
10 am	ISM nonmanufacturing	June		52.8%	53.7%
FRIDAY, JULY 6
8:30 am	Nonfarm payrolls	June		100,000	69,000
8:30 am	Unemployment rate	June		8.2%	8.2%