S&P 500 (SPX) Moves Down For the 2nd Consecutive Day
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 4th for the day in terms of price change relative to the previous day.
S&P 500
(Last Updated April 15, 2021)
Welcome to the news page for S&P 500 (SPX). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On SPX, there is currently an uptrend on the 90, 30 and 14 day timeframes.
SPX Moving Averages
Across several time periods between 20 and 200 days, the trend on SPX has remained consistently bullish.
Below is a chart showing SPX’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, SPX’s price is down -4.14 (-0.1%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on SPX. Given that we see an uptrend on the 20, 10 and 5 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows SPX’s price action over the past year.
S&P 500 (SPX) Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days
Relative to other instruments in the equity indices asset class, s&p 500 ranked 4th since the previous day in terms of percentage price change.
S&P 500 (SPX) Down 0.53%
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 10th for the day in terms of price change relative to the day prior.
S&P 500 (SPX) Up 0.36%; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
S&P 500 (SPX) Up 1.11%; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
S&P 500 (SPX) Down 0.41%; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
S&P 500 (SPX) Up 0.33%; in an Uptrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 5th for the day in terms of price change relative to yesterday.
S&P 500 (SPX) 3 Day Up Streak Broken, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
S&p 500 outperformed all 14 assets in the equity indices asset class since the previous day.
S&P 500 (SPX) Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 2nd for the day in terms of price change relative to the previous day.
S&P 500 (SPX) Heads Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
This is the 2nd hour in a row s&p 500 has seen its price head down.