Chart of the Day - Friday, April 9th, 2021

By Patrick Dunuwila

April 9, 2021
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Today’s Chart of the Day was shared by Rob Moreno (@rightviewrob). The Dow, S&P 500, and Nasdaq 100 all closed at record highs today. To be fair, the Nasdaq Composite (lower panel) was unable to reach an all-time high, but it's within striking distance. Interestingly, the past three weeks have all ended with strong rallies into the close. Ending the week with this sort of price action is anything but bearish.

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Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

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