Today’s Chart of the Day was shared on Twitter by Luke Kawa (@LJKawa). It is a daily bar chart of S&P 500 futures with the 50-day moving average in pink and the 200-day moving average in yellow. Luke points out that from August 5th - September 5th the S&P 500 traded in a tight range between its 50 and 200-day moving averages. After testing the upper end of this range several times, we finally got the breakout that the bulls were hoping for today. The S&P 500 is now less than 2% below an all-time high.
Chart of the Day - Thursday, September 5th, 2019
September 5, 2019
