Today’s Chart of the Day was shared by Yuriy Matso (@yuriymatso). It's a 15 min candlestick chart of S&P 500 futures over the past week. This week has been a snoozefest with stocks seeing some of the lightest volumes of the year. As Yuriy points out, S&P 500 futures have been stuck in a narrow range all week between 4050 and 4075. If we're above 4075, the short-term bias is bullish. On the other hand, if we're below 4050, the short-term bias is bearish. We'll likely see price move out of this range very soon so keep an eye on these levels in the remainder of the week.
Chart of the Day - Wednesday, April 7th, 2021
April 7, 2021
