Technical analyst Dave Chojnacki of Street One Financial recaps Monday’s big equities rally that saw new all-time highs for a couple of major U.S. averages, and previews Tuesday’s action with an update of the important technical levels to watch out for.
Some relief that North Korea didn’t fire another missile and Hurricane Irma not as catastrophic as forecast had investors piling into equities at the open on Monday. Strength was across the board, and the rally lasted through the entire session.