Today’s Chart of the Day was shared on Twitter by Aksel Kibar (@TechCharts). On the left is a daily candlestick chart of the Nasdaq 100 ($NDX). On the right is a daily candlestick chart of the S&P 500 ($SPX). Many bulls came out from hiding today after the market gapped higher this morning. However, Aksel emphasizes that the major averages still haven't broken out of the consolidation ranges that they've been stuck in since July. This chart is an excellent reminder to stay focused on the bigger picture and that one day does not make a trend.
Chart of the Day - Friday, October 11th, 2019
October 11, 2019
