Market technician Dave Chojnacki of Street One Financial examines Tuesday’s Fed-fueled market rally and updates the major technical levels that investors and traders should focus on as the markets once again put in new all-time highs.
After opening flat or slightly lower yesterday, equities finally found some Valentine’s Day love, and rocketed higher in the afternoon. Yellen’s congressional testimony, hinting of 3 rate hikes in 2017, did not spook the market one bit.