The Hourly View for SPX
Last Updated April 23, 2021, 03:018 GMT
At the moment, S&P 500’s price is down -0.76 (-0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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
The back and forth price flow continues for S&P 500, which started today off at 4134.98 US dollars, down 0.92% (38.44) 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.
S&P 500 Technical Analysis
Volatility for S&P 500 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days S&P 500’s price has gone up 5 them.