S&P 500 (SPX) 2 Day Up Streak Snapped; in an Uptrend Over Past 14 Days

The Hourly View for SPX

Last Updated January 15, 2021, 03:018 GMT

Currently, S&P 500’s price is up 3.75 (0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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

3795.54 was the closing price of the day for S&P 500, resulting in today being one in which price moved down 0.38% ($14.3) from the day prior. Out of the 14 instruments in the equity indices asset class, S&P 500 ended up ranking 12th for the day in terms of price change relative to the day prior. Here is a daily price chart of S&P 500.

SPX

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 10 out of the past 14 days.