Despite other reasons both fundamental and technical I think from a very simple point of view that "W" recovery chart formation is playing out beautifully imo.
Ignoring all the other trendlines on my chart below have a look at the pink lines.. speaks for itself on where it's going imo. SPX & DJIA look very similar. Too perfect to ignore IMO.
Daily XJO chart
why are markets going up despite bad news?, page-2
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