$SPX $COMPQ $INDU – A confident close; a confident market market. pic.twitter.com/7lV6oLlEBU
— Rob Moreno (@rightviewrob) April 9, 2021
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.