All main indexes took new highs Tuesday and the 2 hour trends are up.

US is closed today on Independence Day but so far the CFD indexes ( Contract for difference) are open as usual.  Many US traders have taken the whole week off so the turnover is not very big. This also means that the rising trend could be vulnerable later. However the daily trends are up and strong and the 2 hour trends are up as well.
The long monthly term trends are sideways in Europe but up in the US. The weekly trends are mixed.

So this is the background, some people call it a summer rally.