S&P 500 Daily Price Recap
S&P 500 entered today at 2783.36 in US dollars, down 2.2% ($62.7) from the day prior. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 5th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of S&P 500.
S&P 500 Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days S&P 500’s price has gone down 16 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about S&P 500:
- From BearishBullsCeo:
S&P 500, 27.2% gain in 15 days.$SPY $SPX95% of #FinTwit and #Stocktwits were bearish and missed the rally. Now everyone seems to be bullish, what’s next?
- From ryanlampkin:
For 12 months ended April 15, the S&P 500 was down only 4%.But wasn’t it a fun ride?Who needs theme parks open when you have this rollercoaster.$spx $spy
- From MrMBrown:
Sentiment sours as the recent risk rally runs out of steam.At the close:- S&P 500 down 2.19%
– Dow down 1.85%
– Nasdaq down 1.44%$SPX $DJIA $COMP
As for a news story related to S&P 500 getting some buzz:
Image: Goldman Sachs Global Investment Research Equity Market Recoveries (Rise in S&P 500 Compared to Its Lows from the Past 500 Trading Days) Historically, the S&P 500 has rallied at least another 10% following a major crash….Image: Goldman Sachs Global Investment Research S&P 500 and Big Reversal Years Could the S&P 500 end the year positive?