S&P 500 (SPX) Heads Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

The Hourly View for SPX

Last Updated April 9, 2021, 03:018 GMT

Currently, S&P 500’s price is down -1.75 (-0.04%) from the hour prior. This is the 2nd hour in a row S&P 500 has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

S&P 500 Daily Price Recap

S&P 500 is up 0.42% (17.22) since the day prior, marking the 2nd consecutive day it has gone up. Out of the 14 instruments in the equity indices asset class, S&P 500 ended up ranking 9th for the day in terms of price change relative to the day prior. The daily price chart of S&P 500 below illustrates.

SPX

S&P 500 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days S&P 500’s price has gone up 16 them.