There's nothing but speculations and rate hike is pumping the dollar. The fact is the economy is not recovering naturally except by printed dollar that's pumping into the stock market. Many companies are laying off thousands of people. HP is preparing to lay off over 4,000 employees and Volkswagen is playing to lay off 30,000 employees as well as Microsoft and other companies. With all these lay offs happening I do not trust this hype in the market. More likely that this pump is for the big banks to get out before the big crash. Good luck folks.
Interesting observations. Current price action might be the middle part of an expanded flat ie the current rise is the middle wave B which could be followed by a quick drop back to 92 for wave C.