This idea makes no sense in the context of the news.
On the heels of the worst market in history we're presented with a setup that boggles the mind. The wall of worry.
But the setup is there, the chart seems to be telling us up, despite bearish sentiment. Sidelined cash still huge. I'm just as surprised as most of you as I didn't think we would bust through resistance. Dumb bulls always outperform smart bears.