Imo it's a move based on the wrong positioning of the masses, people just keep betting against the markets, ignoring the trend. And the trend is clear,despite the economy limping around - the trend is to take everyone's money who thinks they are smarter the market.

I don't know if you trade the DAX, the retail traders favorite instrument - but it's been an absolute pleasure to trade this last week - bull flag after bull flag on every time frame, starting from H4, down to 5- and 1-minute charts.