Chart of the Day - Tuesday, August 19, 2025

🏆 Today's Chart of the Day was shared by John Kicklighter (@JohnKicklighter).
 

• S&P 500 futures closed lower for the third straight day, falling -0.5%. Selling accelerated in the second half of the session after breaking support around 6,450.
   
• On the hourly chart, 6,450 lines up with the July highs and the neckline of a small Head & Shoulders Top. Price also slipped below a three-week rising trendline, signaling a loss of short-term momentum.
   
• The longer-term uptrend remains intact, and today’s setback could easily be repaired by week’s end. However, below 6,450, the index is vulnerable to further selling in the near term.
  
  The Takeaway: After breaking support at 6,450, the S&P 500 is vulnerable to near-term weakness, but reclaiming this key level would quickly put record highs on the menu again.