The Hourly View for SPX
Last Updated February 23, 2021, 00:018 GMT
At the time of this writing, S&P 500’s price is down -1.75 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as S&P 500 has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
S&P 500 Daily Price Recap
S&P 500 came into today down 0.19% (7.26) from the open of the day prior, marking the 4th day in a row a decline has happened. Relative to other instruments in the equity indices asset class, S&P 500 ranked 10th since the day prior in terms of percentage price change. Here is a 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. For additional context, note that price has gone up 17 out of the past 30 days.