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.
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|Chart of The Day – June 24, 2020|