Chart of the Day - Tuesday, September 13th, 2022

Today’s Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri). It's a daily bar chart of the S&P 500 over the past two months. Today was the worst day for the S&P 500 in more than two years, with the index sliding -4.32%. Frank points out that today's big drop occurred at a key level around 4100-4200. We've seen several reversals around that 4100-4200 level this year, so it's clearly an important battleground for buyers and sellers. The risk is to the downside as long as we're below it.