S&P 500 4 Hour Price Update
Updated June 24, 2020 03:13 PM GMT (11:13 AM EST)
S&P 500 came into the current 4 hour candle down 0.38% (12) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone down. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 2nd since the last 4 hour candle in terms of percentage price change.
S&P 500 Daily Price Recap
S&P 500 came into today up 0.43% (13.43) from the open of the previous day, marking the 2nd day in a row it has gone up. Those trading within the 8 major global equity indices asset class should know that S&P 500 was the worst performer in the class today. The daily price chart of S&P 500 below illustrates.
S&P 500 Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that S&P 500’s price has gone up 19 of the previous 30 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to S&P 500 for the past day were:
- From callieabost:
The Nasdaq Composite is poised to close at a record, while the S&P 500 is poised to close about 7% below its own record.That’s the largest spread between $SPX and its own high w/ the Nasdaq Comp at a record since Feb. 2000. Before that, Jan. 1980.
- From tradeui:
$SPY SPDR S&P 500 Option Alert: Jan 15 $255 Puts Sweep (2) near the Ask: 750 @ $10.0 vs 20914 OI; Ref=$313.13 [6/23/2020, 4:50:50 AM] [+$500k Sweeps Above Midpoint] Other Sweeps on: $UVXY $HTZ $WFC $SPXU $CHWY $THC $BAC $AMD $IDEX $ROKU $FB $IQ
- From Better_Trader:
We are looking to buy S&P 500 from lower levels or looking to sell from higher levels, but not recommended to trade now $SPX #ES_F