S&P 500 (SPX) Up 0.93%; in an Uptrend Over Past 30 Days

The Hourly View for SPX

Last Updated April 22, 2021, 03:018 GMT

At the time of this writing, S&P 500’s price is up 3.76 (0.09%) from the hour prior. The hourly chart shows that S&P 500 has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

S&P 500 Daily Price Recap

The back and forth price flow continues for S&P 500, which started today off at 4173.42 US dollars, up 0.93% (38.48) from the previous day. Relative to other instruments in the equity indices asset class, S&P 500 ranked 2nd since the previous day in terms of percentage price change. The daily price chart of S&P 500 below illustrates.

SPX

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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days S&P 500’s price has gone up 18 them.