S&P 500 Daily Price Recap
S&P 500 came into today down 3.07% ($86.6) from the open of the day prior, marking the 2nd day in a row a decline has happened. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 6th since the day prior in terms of percentage price change. 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 7 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From TomWhite_TDAN:
The S&P 500 $SPX & Nasdaq $COMP have jumped more than 30% from its March 23 intraday low while the Dow $DJI has gained 33% at the close on Friday. No good news with Earnings expected to be dismal. Going to be an interesting week with downside potential. @TDANetwork $VIX
- From Kevin_Kelly_II:
Spread between the most bullish and bearish 12M price target for the $SPX is almost 1000 pts.For context, the S&P 500 is currently trading around 2830.I’m no doctor but that seems like a sizable difference…
- From RealMikeLarson:
Negative oil prices. Negative interest rates. When do we get a negative S&P 500? (And a handful of Wall Street strategists explaining why that, too, is somehow “bullish”) $SPX $USO $TLT