S&P 500 (SPX) Up $16 in Last 4 Hours, Started Today Up 0.57%; in an Uptrend Over Past 14 Days

S&P 500 4 Hour Price Update

Updated July 23, 2020 11:14 AM GMT (07:14 AM EST)

S&P 500 came into the current 4 hour candle up 0.49% (16) from the open of the previous 4 hours, marking the 2nd candle 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 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

S&P 500 Daily Price Recap

S&P 500 came into today up 0.57% (18.72) from the open of yesterday, marking the 4th day in a row an upward move has occurred. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of S&P 500.

S&P 500 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days S&P 500’s price has gone up 10 them.

Overheard on Twitter

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

  • From qckisa:

    A crash-like rapid decline around 7-10% is likely, thereafter it may turn into a 15-20% decline with a trend break on S&P 500 Index, or around high 2900s to low 2800s at the moment, and it’s around a third to half way of the entire move since March lows on largecap indices. $SPX

  • 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. 😉

  • From _prashantnair:

    Market Action Overnight- Choppy markets, tech reclaims leadership- Vaccine newsflow – played out as expected- Limited reaction = built in hopes + reality that we still have some way to goS&P-500 +0.84%, Nasdaq +2.51%- Almost all of SPX gains from 4 of the 5 tech heavies