S&P 500 (SPX) Down $19 On 4 Hour Chart; Moves Up For the 3rd Day In A Row

S&P 500 4 Hour Price Update

Updated July 22, 2020 11:14 AM GMT (07:14 AM EST)

3255 was the closing price of the four-hour candle for S&P 500, resulting in the current 4 hour candle being one in which price moved down 0.58% ($19) from the last 4 hour candle. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 6th for the four-hour candle in terms of price change relative to the last 4 hour candle.

S&P 500 Daily Price Recap

S&P 500 is up 0.17% (5.46) since yesterday, marking the 3rd day in a row it has gone up. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 7th for the day in terms of price change relative to yesterday. 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. Or to view things another way, note that out of the past 10 days S&P 500’s price has gone up 7 them.

Overheard on Twitter

Behold! Here are the top tweets related to S&P 500:

  • From GGB415:

    @LibertyRPF @TSOH_Investing S&P500 TSR was 6.0% CAGR from 12/31/99 to today….Total return:
    MSFT +462%
    S&P 500 +229%The question is whether or not it was worth it to (or one was able to!) endure the 18 years it took for MSFT to get back to even with SPX in 2018 vs. the ‘99/00 peak…

  • From CarterBWorth:

    Today, the S&P 500 Index advanced more than 50 basis points while 8 Sectors were down. There’s only one other time when the $SPX rose more than 50 bps while 8 Sectors declined. The date of that one other time? February 23, 2000. Past is prologue? Food for thought…

  • From SethCL:

    $SPX S&P 500 has been higher annually 70% of the time since its genesis in 1926. Some 90% of Fintwit tweets propose reasons for the stock market’s near-term demise, pullback, correction etc. Fear-mongering is sexy on Fintwit, it attracts. I’ll take the 70% side of the trade. 😉