Don't try to understand the reason behind the upside, just go with it until price turns as price can remain irrational longer than you can remain solvent.
Please, please TAKE DOWN THIS CHART... We cannot let other traders see the holy grail!!!! Of course, a recession doesn't exactly mean sell SPY now......or ever. but maybe sell the non-farm number? oh, can't do that... anyhow, this chart was actually done by researchers funded by Romney......or was it?? This is like fundamental technical analysis, and there is no way those lines can start going back up!!!! No way!!!! Oh, it's game over... for your trading account. haha
I really don't think the politicians care about anything other than what they want. They just want to die before the collapse. Not far off.