Chart of the Day - June 25, 2020

By: Chris Wenner in Charts 06/25/2020

The S&P took out some key trendlines yesterday which represent the uptrends from the March-lows. Today/tomorrow will be important to see if these trendlines get reclaimed.  3060-3080 is an important range.

The 200-day moving average held yesterday, which is also important to point out.  This level is currently 3020.  There is also a gap left to fill near 3180.

Let’s see what happens today.

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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