The Hourly View for SPX
Last Updated October 16, 2020, 00:05 GMT
Currently, SPX’s price is up $8 (0.23%) from the hour prior. SPX has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
S&P 500 Daily Price Recap
S&P 500 is down 0.15% (5.22) since the previous day, marking the 3rd day in a row a decline has happened. Relative to other instruments in the 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. Or to view things another way, note that out of the past 30 days S&P 500’s price has gone up 15 them.
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From SJD10304:
There was a time when the S&P 500 refused to close a single trading day below its 10 day simple moving average for months. Today reminds me of the magic that’s possible at the 10 day sma. (Magic isn’t real but it does a damn good job convincing us it is) $spx
- From kdspaul:
@dijkstracula They both track s&p500. They might weight things differently internally but their target is to match the performance of s&p 500 index (which you can’t directly invest in)
Another point to note would to be look at $spx options which is a cboe product and preferred for tax reasons
- From BeursWolf101:
⚽️ Only a few left until the quarter finals!S&P 500 Major League. Match 14.Which of these stocks will outperform the others over the next five years?🦾 $MDT
🧪 $MMM24 Hours. Go! 👉 Support your pick in the comments!#SP500ML #SP500 $SPY $QQQ $SPX
In terms of news links for S&P 500 here’s one to try:
It is during that millisecond that I see her yellow eyes that I am taken back to another place, another time….On the virus itself, cases of new infection suddenly have hit levels not seen since last spring, in some cases, even topping the numbers of those awful, dark days….Morning light is still a few hours off, the opening bell even further….The rest is up to Nancy, Steven and Mitch….However, if no rating change occurs, the data on this page does not update….The data does update after 90 days if no rating change occurs within that time period.