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Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

S&P could surge another 12%, but not until this happens: Technical analyst

The S&P 500 could make a really big move higher if the index were to close two Fridays in a row above 2,135, BTIG's chief technical strategist told CNBC on Monday.

"For me, it's very important not to see just see a little inch above that, but a confirmation of a breakout," Katie Stockton said, acknowledging the resistance that's been seen around 2,100. "That's saved me ... to avoid these false breakouts."

The S&P 500 opened in record territory on Monday, eclipsing its May 2015 intraday close of 2,134.72. The index surged 1.5 percent on Friday, just shy of that level, on the...


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