Market technician Dave Chojnacki of Street One Financial kicks off the new trading week with an analysis of the Dow, Nasdaq, and S&P 500 technicals, in the aftermath of a string of new all-time highs.
The market gapped lower on Friday on no major economic news, but most likely it was just a pause in the recent rally. Equities quickly found support and slowly reversed through the morning hours. Right before the close, equities spiked higher on Friday to close positive and at their highs of the day.