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Chart of the Day - Wednesday, April 30, 2025

April 30, 2025

Chart of the Day


🏆  Today's Chart of the Day was shared by Ross J Brown (@RJB_Financial). 
 

  • The S&P 500 fell less than -1% in April after clawing its way back from a double-digit drawdown, representing one of the largest monthly reversals in history
     
  • Despite the sharp rebound this month, Ross points out that all four major indices remain stuck below levels of overhead supply from late-March, as former support has become resistance. 
     
  • If the major indices break out, it will open the door to further upside. However, all four remain vulnerable to a retest of the April lows. 
     

The Takeaway: Despite an epic monthly reversal, the four major indices remain stuck below overhead supply and vulnerable to further weakness.