The Chart Report

The best technical analysis being done by the best technicians in the world every day.

  • Daily Chart Report
  • Archives
  • About Us

Chart of the Day – Thursday, September 9th, 2021

September 9, 2021 Patrick Dunuwila

The S&P 500's maximum drawdown this year is only 4.2% (closing basis). Going back to 1928 only 3 years have had a smoother ride than 2021: 1964 (-3.5%), 1995 (-2.5%), and 2017 (-2.8%). $SPX pic.twitter.com/zYivZiqy3N

— Charlie Bilello (@charliebilello) September 9, 2021

Today’s Chart of the Day was shared by Charlie Bilello (@charliebilello). The table shows the maximum drawdown for the S&P 500 in each year going back to 1928. The S&P 500 fell for the fourth consecutive day today, and yet we’re less than 1% off of an all-time high. This year has been a steady bleed higher with very little downside volatility. In an average year, the S&P 500 experiences about three pullbacks of 5% or more. The largest decline we’ve seen this year has been 4.2% on a closing basis. Charlie points out that only three other years have seen a smoother ride than 2021 – 1964, 1995, and 2017. While this unusual market environment is an investor’s dream, it’s extremely important that we don’t get complacent, and forget about potential downside risk.

$SPX, Charlie Bilello, Chart of the Day

Sign Up For The Daily Chart Report

Testimonials

If you're not subscribing to the @TheChartReport and getting their nightly recap of some of the great charts shared on social media and blogs, then you're really missing out.

— Andrew Thrasher, CMT (@AndrewThrasher) July 17, 2019

That last tweet was directly from one of my favorite emails each day @TheChartReport Daily Chart Report 📈 Wednesday, August 14th, 2019: https://t.co/5NZjhmgnxR

— Brian Shannon, CMT (@alphatrends) August 15, 2019

Nice work on @TheChartReport guys. Definitely recommend checking it out and signing up for the daily report. Great work as always @Pdunuwila @the_chart_life @AlphaEyeCharts @sstrazza

— Gregory Krupinski (@G_krupins) April 28, 2019

#FF @TheChartReport the best free email I get every day

— J.C. Parets (@allstarcharts) September 6, 2019

Follow @TheChartReport and subscribe to their fail email for great technical analysis. Nice job on the $TSLA piece @Pdunuwila https://t.co/SdNTYsCHNN

— Brian Shannon, CMT (@alphatrends) April 26, 2019

if you’re not signed up for @TheChartReport get your life together bro

— Shane C. Murphy (@murphycharts) August 7, 2019

Love getting my daily market news from @TheChartReport

— Andrew Fieschko (@AFieschko) August 7, 2019

Recent Posts

  • Daily Chart Report 📈 Thursday, August 11th, 2022
  • Chart of the Day – Thursday, August 11th, 2022
  • Daily Chart Report 📈 Wednesday, August 10th, 2022
  • Chart of the Day – Wednesday, August 10th, 2022
  • Daily Chart Report 📈 Tuesday, August 9th, 2022

Follow @thechartreport

  • Instagram
  • Twitter

© 2022 The Chart Report. All Rights Reserved.

Terms and Conditions - Privacy Policy