S&P 500 4 Hour Price Update
Updated May 21, 2020 07:13 PM GMT (03:13 PM EST)
The choppiness in the recent four-hour candle price action of S&P 500 continues; to start the current 4 hour candle, it came in at a price of 2954 US dollars, down 0.17% ($5) since the last 4 hour candle. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 6th since the last 4 hour candle in terms of percentage price change.
S&P 500 Daily Price Recap
The back and forth price flow continues for S&P 500, which started today off at 2971.61 US dollars, up 1.67% ($48.67) 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. The daily price chart of S&P 500 below illustrates.
S&P 500 Technical Analysis
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 7 out of the past 10 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 EconguyRosie:
If I told you last October that the unemployment rate was going to surge from 3.6% to 14.7% and on its way to 30%, would you have thought at the time that the S&P 500 would be at the same level today as it was back then? The Fed has broken the GDP-SPX link once and for all!
- From OptionsHawk:
Forward SPX returns after an NYSE 90% up day start off negative one to five days out,
to test the resolve of the bulls, and then shift positive 10 to 65 days later. The S&P 500 is up 80% of the time with an average return of 5.1% (6.4% median) 65 days after the
90% up day
- From OptionsHawk:
$SPXYesterday (5/18) marks the third 90% up day since the 3/23 low. The first 90% up day from 3/24 was a bullish response to the climactic crisis oversold levels achieved in March The second was on 4/6, just
as the S&P 500 (SPX) crossed above its 200-week MA