Why is the market suddenly looking better?
Well I have talked about a cycle low here before so leave that aside.
I'm a very slow learner, I am, but after 30+ years I know markets seem to have a real purpose at month end.
That purpose is to make sure monthly indicators keep the bigger trend intact, if they can.
I suspect this is on behalf of the "whales" who have such huge funds they can't be as nimble as us little minnows.
Of course if they fail then it takes a little while after for them to reposition in the new month. This often causes a bit of a panic then a claw back for a while.
Tonight could be interesting and it probably will be volatile right to the end of month but I am pretty confident the effort will be to push higher.
Warning: the more confident I am, the more likely I'm wrong :-). I think that might apply to all of us.
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