New highs on tap
The never-give-up attitude of buyers remains on display, as the major indexes had their best gains in months on Monday. For the S&P 500, it enjoyed its largest one-day jump in more than 6 months, climbing to within 1% of a new high. The table below shows all similar spikes since 1928, with the 2nd column highlighting how many trading days it took before it closed at a new high. On average, it only took a couple of sessions, with only 3 out of 15 signals taking more than a week.

