Chart of the Day - Friday, December 10th, 2021

Today’s Chart of the Day was shared by Jason Leavitt (@JasonLeavitt). It's a weekly candlestick chart of the S&P 500 over the past year. It might not feel like it, but the S&P 500 just had its best week in 10 months. More importantly, it closed at an all-time high for the first time in 3 weeks. All-time highs are very bullish, especially after the 4% pullback we just had. Keep in mind the second half of December tends to be very strong for the S&P 500. For a couple of weeks, it was looking like a potential year-end rally was off the table. But, now that the S&P 500 has broken out to blue-sky territory, we're in a much better position to end the year on a strong note.