Yellen Talking The Market Higher

Fed chair Yellen talked the market higher in the FOMC statement. Out of the usual volatile up and down moves, a sprint higher evolved, driving the major indices 0.6%-0.8% higher. Most indices are now sitting right under or at recent highs, except for small caps which are still lagging at this point. But they are trying to come back. Look at the action last week, pretty convincing!

Daily charts DIA, SPY, QQQ and IWM: