S&P 500 4 Hour Price Update
Updated September 14, 2020 11:14 PM GMT (07:14 PM EST)
3385 was the closing price of the four-hour candle for S&P 500, resulting in the current 4 hour candle being one in which price moved down 0.44% ($15) from the previous 4 hours. Out of the 14 instruments in the equity indices asset class, S&P 500 ended up ranking 12th for the four-hour candle in terms of price change relative to the previous 4 hours.
S&P 500 Daily Price Recap
The back and forth price flow continues for S&P 500, which started today off at 3340.97 US dollars, up 0.05% (1.78) from the previous day. Relative to other instruments in the equity indices asset class, S&P 500 ranked 9th since the previous day in terms of percentage price change. Below is a daily price chart of S&P 500.
S&P 500 Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days S&P 500’s price has gone up 5 them.
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From JG_SBALending:
Market news for lunch 🍴 🥙 #DJIA rose 384 points, 1.4%. The S&P 500 #SPX added 54 points, or 1.6%. Nasdaq #COMP up 216 points or 2.2%.
@AstraZeneca up 0.71%, @pfizer added 3.63% offer some optimism for vaccine 💉 @Oracle rose 5.7% after partnership with @tiktok_us and @nvidia up
- From FTSEtrading:
There is still a divergence between the FTSE100 and the S&P 500, the FTSE is rallying while the S&P is going down. This divergence cannot last, either the FTSE will decline to catch up with the S&P or the S&P will rally #FTSE $SPX
- From truth_tesla:
@garyblack00 @MrRobRobson “Merger activity within the S&P 500 (SPX) has historically been the biggest reason companies leave the index, and could provide an opening for a company like Tesla, said two sources familiar with how the committee has made decisions.”
For a longer news piece related to SPX that’s been generating discussion, check out:
In this exercise, I used the June low to create some near-term Fibonacci support levels to watch, as well as the March low to create some longer-term levels of interest – see the chart….This levels sits just below the 200-day moving average and creates a band of support between 3050-3100.