S&P 500 (SPX) Up $13 in Last 4 Hours, Started Today Up 0.84%; in an Uptrend Over Past 14 Days

S&P 500 4 Hour Price Update

Updated July 21, 2020 11:13 AM GMT (07:13 AM EST)

S&P 500 closed the previous 4 hours up 0.4% (13); this denotes the 2nd candle in a row it has gone up. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 4th since the previous 4 hours in terms of percentage price change.

S&P 500 Daily Price Recap

S&P 500 closed yesterday up 0.84% (27.11); this denotes the 2nd day in a row an increase has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 3rd for the day in terms of price change relative to yesterday. The daily price chart of S&P 500 below illustrates.

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. For additional context, note that price has gone up 19 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about 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 _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