Chart of the Day – August 13, 2020

By: Chris Wenner in Charts 08/13/2020

The S&P 500 is now within a few handles of its ATH of 3393.52.  Yesterday it traded up to 3387.89, and closed @ 3380.35.  Will the market push SPX to ATHs today?

We are now over 50% higher than we were on the March 23 bottom – which is incredible, and this was accomplished in a little over 100 trading days.

The uptrend from those lows made in March is roughly 3316, which is about 2% away.

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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