S&P 500 (SPX) Up 1.15%; Pin Bar Pattern Appearing on Chart

S&P 500 Daily Price Recap

The choppiness in the recent daily price action of S&P 500 continues; to start today, it came in at a price of 2881.19 US dollars, up 1.15% ($32.77) since the day prior. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 4th 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

Volatility for S&P 500 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that S&P 500’s price has gone up 16 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 Harryjay8989:

    DT challenge day 16 loss $32 orders 86 S&P 500-0.79% NASDAQ +0.61% another bad day trading except my $BYND swing + 10% bought JNUG on the way down went sideways all day. SPXS went up & down up & down. Patiently waited for good set upDid not happen! Emotion 😡 again Frustrated.

  • From petenfl22:

    The @federalreserve has shown their cards, everybody know a what a piece of actual dog shit the s&p 500 has become $spx

  • From caetuscap:

    *SPX NEWS: DEXCOM & DOMINO’S PIZZA SET TO JOIN S&P 500 $DXCM $DPZ