^SPX -0.02%  looks to be kicking off its push back to new highs with about 10 more trading hours left in the month of August. As you can see, the short-term hourly trend connecting former minor peaks since this past Monday has been exceeded. this should drive price up to 5682, then 5700. Breadth is a bit better than 2/1 bullish and volume also 2/1 positive. 9 of 11 sectors are positive and the only down sectors are defensive- REITS and Staples. While Energy, Industrials, Discretionary, Healthcare and Tech are all up more than +0.75%. Despite NVDA being down fractionally (At 6% of SPX), SPX is still managing to push higher by +0.68%, led by BBY -0.90%  COO -1.93%  CRWD 0.68%  WST -0.47%  HPQ -1.23%  GEV 0.64%  PANW -1.79%  QRVO -0.07%  and INTC -2.21%  all higher by more than 4% today