S&P 500 (SPX) Up 0.47%; in an Uptrend Over Past 14 Days

The Hourly View for SPX

Last Updated February 15, 2021, 23:18 GMT

At the time of this writing, S&P 500’s price is up 1.25 (0.03%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as S&P 500 has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

S&P 500 Daily Price Recap

S&P 500 is up 0.47% (18.45) since the previous day, marking the 2nd straight day an upward move has occurred. Out of the 14 instruments in the equity indices asset class, S&P 500 ended up ranking 6th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of S&P 500.

SPX

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 30 days S&P 500’s price has gone up 20 them.