The major US equity averages have seen an aggressive surge back higher this week, with US macroeconomic data continuing to stay strong, plus global relief as we move away from a No Deal Brexit.
Stock markets have shrugged off the earlier March selloffs last week, that wiped out notable supports and likely reflected short- and intermediate-term bullish fatigue from the very strong 2019 rallies.
The robust rallies this week have seen both the Nasdaq 100 and S&P 500 hit new 2019 highs, rejecting the recent selloffs as corrections.
Here we focus on the US broad benchmark average, the S&P 500 and the upside risks to prices.
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