The Hourly View for SPX
Last Updated November 23, 2020, 19:18 GMT
Currently, SPX’s price is up 1 (0.03%) from the hour prior. The hourly chart shows that SPX has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 3557.54 US dollars, down 0.68% (24.33) from yesterday. Relative to other instruments in the equity indices asset class, S&P 500 ranked 13th since yesterday in terms of percentage price change. The daily price chart of S&P 500 below illustrates.
S&P 500 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that S&P 500’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From EliteOptions2:
Good morning!$SPX setting up to test 3588, if it breaks above it can run to 3619+$TSLA gapping above 500, if it can defend 500 it can move back to 508-511.. TSLA getting added to S&P 500 on Dec 21st.. lets see if it can start to run into DecemberGood luck everyone! 😁
- From RealDaxTrader1:
The S&P 500 is 7.17% above its 125-day average. This is further above the average than has been typical during the last two years and indicates greed on the part of investors.#SPX #trading