S&P 500 (SPX) Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

S&P 500 Daily Price Recap

S&P 500 is up 1.69% ($48.61) since the previous day, marking the 2nd day in a row it has gone up. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 3rd for the day in terms of price change relative to the previous day. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 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 q8_stocks:

    The Dow Jones Industrial Average DJIA, +1.90% up about 30% from March 23 low at 18.591.93, while the S&P 500 SPX, +1.68% is up by about the same amount from its low at 2,237.40, and the Nasdaq Composite Index COMP, +1.57% climbed by 32.5% from its bear-market nadir at 6,850.67,

  • From ToddinFL:

    Nasdaq +1.66% YTD
    S&P 500 – 9.31% YTD
    DJIA – 14.74% YTD
    DJ Transports -16.13% YTD
    NYSE Comp -18.39% YTD
    Russell 2000 -20.31% YTDLook at the disparity between Nasdaq and all the rest.$COMPX $SPX $IWM $DIA $NYSE $IWM

  • From LeftyTrader:

    Does S&P 500 breaks $3K this week? $SPX$ES $SPY $DJIA $QQQ $RUT $IWM