S&P 500 4 Hour Price Update
Updated June 30, 2020 11:13 PM GMT (07:13 PM EST)
S&P 500 closed the last 4 hour candle up 0.49% (15); this denotes the 3rd candle in a row an increase has occurred. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 3rd since the last 4 hour candle in terms of percentage price change.
S&P 500 Daily Price Recap
S&P 500 entered today at 3053.24, up 1.47% ($44.19) from yesterday. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of S&P 500.
S&P 500 Technical Analysis
Moving average crossovers are always interesting, so let’s start there: S&P 500 crossed above its 200 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days S&P 500’s price has gone up 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about S&P 500:
- From DaRaykhman:
If Tesla is added to S&P 500 the weighting will be close to 0.715%. I found about 3 trillion dollars of funds that track that index and would need to buy TSLA. Thats about 21 billion dollars worth of stock. Can anybody find more acurate number for funds tracking SPX?
- From kidincollege:
Ok @MikeMcDonald89 I bought an $8 call on $SPXS. The 3x leveraged bear S&P 500 ETF. Expiring 01/15/21 for $2.40. It’s already 8.28ish so I bought slightly in the money. I couldn’t resist! This market is way over priced!
- From leveredhank:
Options on S&P 500 futures price a range from 2899 to 3107 for this week, or +/- 104 points from Friday’s 3003 close in ES_F. VIX indicates a 2% daily move in SPX (60 points).
As for a news story related to S&P 500 getting some buzz:
Note: Low and High figures are for the trading day.