According to a Piper Sandler senior technical research analyst the S&P 500 will continue to gain following its record high on Tuesday.
The S&P 500 was up 0.2% to 3,396.5 in Wednesday morning trading.
It has gained 4.92% year-to-date through Tuesday's close.
The analyst, Craig Johnson told CNBC that charts of lumber, oil, and industrial metals show that the economy is improving.