If you wonder what the pattern is that is forming on the S&P 500 and the DOW, in this case the Nasdaq is the correlated instrument of choice. The NASDAQ is clear and nearly perfect as it reflects the current market sentiment of “risk on” Here is how it is being described in view of world economic events:

We all know that the Brexit negotiations between the EU and the U.K. are long past due to be finished. Does it seem like the never ending disagreements are part of the plan for this to ultimately fail? Read more here: https://www.dailyfx.com/forex/fundamental/article/special_report/2020/10/06/British-Pound-at-Risk-on-EU-UK-Brexit-Fissure-Trump-Fights-Covid.html