S&P 500 (SPX) Up 2.66%; in a Downtrend Over Past 90 Days

S&P 500 Daily Price Recap

S&P 500 entered today at 2939.51 in US dollars, up 2.66% ($76.12) from the previous day. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of S&P 500.

S&P 500 Technical Analysis

Volatility for S&P 500 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 30 days S&P 500’s price has gone up 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to S&P 500:

  • From Bringer_O_Rain:

    @apollotradingsd Of course, that’s not changing. Main street is screwed, no doubt. However, if you put 140 on next years S&P 500 earnings, I don’t think a 25 multiple is that far fetched. My math puts $SPX at 3500 with that backdrop, within the year. All while unemployment runs near 20%.

  • From StriderElass:

    So far 159 of the 500 companies in the S&P 500 have reported for Q1. 67.5% have surprised to the upside. Earnings are down 16.0% from a year ago so far. The biggest drag so far has come from financials with 42/65 reported and earnings down -47% YOY. $spx #earnings

  • From stockstobuy:

    Taking profits in S&P 500 Bull 3X $SPXL after a huge run……shares have rallied from the $16’s to almost $37. The S&P 500 will have huge resistance between 3,000-3,100. I’m looking to buy more $TSLA below $700 and $BYND below $90.