Market wrap - a day late - 7:44AM

What a rocketship we seen today! Dow 8,616.21 +256.72 (3.07%) S&P 500 932.68 +26.84 (2.96%) Nasdaq 1,862.90 +63.17 (3.51%) Today by sector: Today's heatmap:

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In spite of anything, this market wants to go higher, rather the fundamentals support it or not. We are not at the point where we need to see which way this market will go. Check the below chart: Notice we are not right at the right sholder of the head and shoulders pattern. We will see if the bulls can push this higher. The next level will be the head which is around the 956.23. If we would have breached the 878 - 880 level, many bears would have jumped on, the head and shoulders would have been confirmed. Now we need to see if the top is breached which might send this market on another bull run - fundamentals be damned.