S&P 500 (SPX) Up $14 On 4 Hour Chart, Started Today Up 0.06%; Price Base in Formation Over Past 14 and 90 Days

S&P 500 4 Hour Price Update

Updated June 19, 2020 11:14 AM GMT (07:14 AM EST)

The back and forth price flow continues for S&P 500, which started the current 4 hour candle off at 3131 US dollars, up 0.45% (14) from the previous 4 hours. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 6th since the previous 4 hours in terms of percentage price change.

S&P 500 Daily Price Recap

The back and forth price flow continues for S&P 500, which started today off at 3115.34 US dollars, up 0.06% (1.85) from the day prior. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 2nd for the day in terms of price change relative to the day prior. 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 30 day horizon; over that time period, price has been moving up. Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 6 out of the past 10 days.

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 tradeui:

    $SPY SPDR S&P 500 Option Alert: Jul 17 $300 Puts Sweep (12) near the Ask: 1000 @ $6.44 vs 98334 OI; Ref=$311.48 [6/18/2020, 9:02:07 AM] [+$500k Sweeps Above Midpoint] Other Sweeps on: $SRNE $MMP $SPXL $LAKE $BA $TWO $WLL $CEMI $ERI $WB $MU $LLY

  • From tradeui:

    $SPY SPDR S&P 500 Option Alert: Jul 17 $300 Puts Sweep (11) above Ask!: 806 @ $6.797 vs 98334 OI; Ref=$311.14 [6/18/2020, 5:34:24 AM] [+$500k Sweeps Above Midpoint] Other Sweeps on: $INTC $IDEX $PSTG $KRE $WFC $MOMO $MT $SPCE $WORK $SGMO $SPXL $MITT

  • From TomWhite_TDAN:

    Stocks down modestly after S&P 500 & Dow break 3-day win streaks on Wed. $SPX $DJI $NDX $RUT. Jobless Claims due with 1.3M new filings expected. $VIX back above 34Upgrades: $NET $ZS $CHD
    Downgrades: $CCL $AXP $ACN
    $TSLA P/T hike to $1200Watch @TDANetwork!