S&P 500 4 Hour Price Update
Updated May 25, 2020 11:13 PM GMT (07:13 PM EST)
S&P 500 is up 0.03% (1) since the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 7th for the four-hour candle in terms of price change relative to the last 4 hour candle.
S&P 500 Daily Price Recap
2955.45 was the closing price of the day for S&P 500, resulting in today being one in which price moved up 0.24% ($6.94) from yesterday. S&P 500 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of S&P 500.
S&P 500 Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that S&P 500’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to S&P 500 for the past day were:
- From ThinkTankCharts:
The S&P 500 is coming off a 35% rally and the 200-DMA lines up with SPX 3,000 number making this area especially important. said Kevin Dempter, analyst at Renaissance Macro Research. “A breakout is not likely to come easily and we expect a dogfight here around the 200-day.”
- From GmbhQuanify:
After the February-March crash, the S&P 500 has been recovering a great part of its losses. The index is pressuring the May’s highs above the 100 SMA on the daily chart. As buyers stay firmly in charge, a run to the 3000 figure appears imminent. #sp500 #SPX
- From LynAldenContact:
@Aemiliannus Over the past 2-2.5 years, the S&P 500 has been relatively flat, a poor return environment in this strong dollar period. SPX was 2800 on Jan 2018. Sharp dollar spikes result in equity market sell-offs. Sideways dollar markets just provide headwinds against SPX performance.
As for a news story related to S&P 500 getting some buzz:
Given this difficulty, how many S&P 500 companies have provided EPS guidance for 2020 during the Q1 earnings season?…How many S&P 500 companies have withdrawn EPS guidance for 2020 during the Q1 earnings season?