Chart of the Day - Wednesday, April 2, 2025

Patrick Dunuwila
April 2, 2025

Chart of the Day


🏆 Today's Chart of the Day was shared by Trend Spider (@TrendSpider).
 

  • Stocks marched higher for the third straight day on Wednesday. However, the recent bounce was completely erased after hours, thanks to a Liberation Day tape bomb.
     
  • S&P 500 futures opened at their March lows this evening, down over -3% from today's close. Nasdaq futures opened below their March lows, trading over -4% from today's close. 
     
  • It's not bullish when bounces fade so quickly. The major indices are vulnerable to further downside if they continue trading below their March lows. 
     

The Takeaway: A three-day bounce was completely undone after hours. The major indices are vulnerable to further downside if they continue trading below their March lows. 

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