Large rally day

U.S. equities surged on Monday, with 90% of NYSE volume flowing into members that went up.

This is the 6th time in the past 50 days in which so much volume flowed into up issues:

When this happened in the past, the S&P could pullback or continue to rally in the short term. But on a 6-12 month forward basis, the S&P 500 always pushed higher:

89% of NYSE issues went up:

This is the 4th time in the past 50 days in which so many issues went up:

This only happened 1 other time, and that was after the major correction of 2011. Stocks pulled back over the next few weeks before pushing higher over the next 6-12 months: