Looking briefly at some underlying technicals; we have the VIX down 9% and the XVI ( Aussie VIX) down over 14%. That is a strong positive, to reinforce a continuing upwards trend. Also the ratio of Advancers/Decliners for S&P 500 and Nasdaq 100, was very strong in favour of Advancers, so the rally has excellent breadth so far, also a strong positive.