Chart of the day

Due in part to inflation, rising interest rates, and geopolitical concerns - the market has struggled since early May (Wednesday's 1.86% gain notwithstanding). In fact, the S&P 500 is down 5.8% since the recent peak of 11 weeks ago. With today's sell-off, the S&P 500 is trading below 1250 and is once again testing support (see solid green line). However, the long-term trend is still up (barely) until proven otherwise