Chart of the Day – August 5, 2020

By: Chris Wenner in Charts 08/05/2020

Earlier today, the S&P 500 filled its last remaining gap at 3328.45.  This level is where SPX gapped down from after 2/21, and it didn’t look back until it hit the lows on 3/23.   (Today’s high – at the moment – is 3330.77).

SPX is a completely different story today than it was in late-February – but this might have been an important gap to fill for whatever comes next.

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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