S&P 500 4 Hour Price Update
Updated July 20, 2020 03:13 PM GMT (11:13 AM EST)
The back and forth price flow continues for S&P 500, which started the current 4 hour candle off at 3222 US dollars, up 0.34% (11) from the last 4 hour candle. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
S&P 500 Daily Price Recap
3224.73 was the closing price of the day for S&P 500, resulting in today being one in which price moved up 0.28% ($9.16) from the previous day. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 5th 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
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that S&P 500’s price has gone up 10 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about S&P 500:
- From imtiaz_gold:
Is Stock Market FOMO About to Break SP 500 Channel? [S&P 500 Technical Analysis] Leader in Market Timing & Expert in Technical Analysis, Subscibe $45/year $GLD $SLV $GDX $GDXJ $SPX $UUP $SPY $QQQ $TSLA $SQ $ARKK $FB $GOOG $BKNG $CCL $F $BTC
- From MrktWizard:
@jimmckee18 NIPA profits and S&P 500 EPS are NOT the same. NIPA accounts for all public and private, and small and large companies. Therefore it is misleading to compare S&P 500 to NIPA earnings. #SPX $SPY
- From FirstCause:
*THE S&P 500 IS UP +47.1% FROM ITS MARCH 23 LOW*THE S&P 500 IS -5% AWAY FROM ITS RECORD HIGH TOUCHED IN FEBRUARY *YEAR-TO-DATE, THE S&P IS DOWN -0.2% IN 2020$SPY $SPX