S&P 500 Came Into Today Up 0.07%

The Daily View for S&P 500

  • At the time of this writing, SPX’s price is up 3.32 (0.07%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as S&P 500 has now gone down 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on S&P 500. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily 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.
  • Divergence between SPX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SPX’s price.

Below is a daily price chart of S&P 500.


Featured S&P 500 Idea From TradingView

Below is a trading comment entitled share will continue to rise and the total market value is likely you may find interesting:

On 30th August, AAPL increased by 3.04%, the biggest daily increase since March 2020, to $153.12, revising all-time high, and the total market value of AAPL exceeded $2.5 trillion. I believe Apple share will continue to rise and the total market value is likely to reach $3 trillion. The reasons are as follows for your reference. Apple’s revenue is growing rapidly According to Apple’s latest quarterly financial report, Apple’s third-quarter sales reached $81.41 billion, a year-on-year increase of 36%, higher than the market’s previous estimate of $73.3 billion. Apple’s gross profit margin reached 43.3%, higher than the previous forecast of 41.9%.I believes that, according to Apple’s financial report, it shows that its growth is still strong. At this rate, it will not be difficult for Apple to hit a market value of $3 trillion in half a year. The return rate of Apple shares exceeded 32% in the past 10 years If you invested $1,000 in Apple shares in August 2011, your shares are worth more than $16,000 today. If all dividends are reinvested, the annual rate of return will exceed 32%, while the annu…