recession risk has been partially factored in recent correction. Fed will continue to lower interest rate, at least 0.75 in next couple quarters.Big companies still have strong cash flow, especially technology companies.Those will create an illusion that things are not so bad. Some people will be regret of losing opportunity on buying in dip and start pour in money.

Also next year is second term election year. Traditionally, it is a good year.

However, after next year, global economy will getting worse, Fed may find it can not lower interest rate any more (or have to raise interest rate).Market confidence collapse, things start getting really really bad.

Anyway, it is only technically, only one possibility :)