Technical Reasons: 1. Breakout of main correction trend line. 2. There is a bullish divergence with the RSI. 3. Correction has bounced off the 0.618 fibs.
Risk Management 1. A close below 8124 would invalidate this bullish setup. 2. Target 1 would be 8663. Target 2 would be 9112. 3. Risk reward for target 1 would be 1.9.
*No fundamental reasons for this breakout. IMO, the conference could probably spread some awareness but then again I wouldn't bank on it. If you do have any fundamental reasons to share please let me know :).