S&P 500 4 Hour Price Update
Updated July 28, 2020 03:13 AM GMT (11:13 PM EST)
S&P 500 came into the current 4 hour candle up 0.15% (5) from the open of the previous 4 hours, marking the 2nd candle 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 four-hour candle in terms of price change relative to the previous 4 hours.
S&P 500 Daily Price Recap
The choppiness in the recent daily price action of S&P 500 continues; to start today, it came in at a price of 3239.41 US dollars, up 0.74% (23.78) since the previous day. S&P 500 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day. 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 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days. And for candlestick traders, a special treat: there is a morning star pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From UCastellotti:
Just 3 stocks make up more than 16% of the S&P 500 and over a third of the Nasdaq 100 Index.You know which: Apple, Amazon and Microsoft together are now valued at nearly $5 trillion.That’s larger than Germany’s economy and nearly the size of the Japanese economy.$SPX $SPY
- From KobeissiLetter:
With 26% of $SPX companies having reported Q2 earnings, the blended earnings decline for the S&P 500 is -42.4%.If -42.4% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%).
- From jabarca001:
The last time the S&P 500 tested these levels and turned lower it declined by about 7%. I’m looking to cover and go long once $SPX is around 3000. In the meantime I’m long $SPXS and some $SQQQ