Today’s Chart of the Day was shared on Twitter by James Boyd (@JBoyd_TDA). It's a 5-minute candlestick chart of S&P 500 futures since yesterday's close. As James points out, the S&P 500 surged in the final hour of trading today, marking the strongest close since October. Not to mention, we closed at an all-time high! Seeing this sort of price action into the end of the day/week is anything but bearish. We'll leave you with yesterday's quote of the day from legendary tape reader Willam O'Neil - "In bear markets, stocks usually open strong and close weak. In bull markets, they tend to open weak and close strong."
Chart of the Day - Friday, March 26th, 2021
March 26, 2021
