Chart of the Day - Friday, August 30th, 2019
August 30, 2019
Today’s Chart of the Day was shared on Twitter by Yuriy Matso (@yuriymatso). It's a one-hour candlestick chart of S&P 500 futures going back to the end of July. In yesterday's Chart of the Day, we highlighted the fact that the S&P 500 was attempting to break out of the trading range that it's been stuck in for the majority of August. Today, the index once again failed to break out above that key 2940 level. This marks the fourth time that the level has acted as resistance. Many hoped that today would be the day that we finally breakout, but for now, it's back to the choppy trading range.