S&P 500 (SPX) Moves Down For the 2nd Straight Day, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
This is a reversal of the price action on the previous hour, in which price moved up.
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 Straight Day, Breaks Below 20 Day Average; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, s&p 500 ranked 5th since the day prior in terms of percentage price change.
S&P 500 (SPX) 3 Day Up Streak Snapped, in an Uptrend Over Past 90 Days; Eyes 20 Day Average
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 0.07%, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
S&P 500 (SPX) Up 0.27%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
This is the 2nd straight hour s&p 500 has seen its price head up.
S&P 500 (SPX) Down 0.72%; in an Uptrend Over Past 30 Days
It’s been a feast for bulls operating on an hourly timeframe, as s&p 500 has now gone up 4 of the past 5 hours.
S&P 500 (SPX) Up 0.68%, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that s&p 500’s price has gone up 5 of the previous 10 trading days.
S&P 500 (SPX) Down 0.08%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 16 out of the past 30 days.
S&P 500 (SPX) 2 Day Up Streak Ended, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
It’s been a feast for bulls operating on an hourly timeframe, as s&p 500 has now gone up 8 of the past 10 hours.
S&P 500 (SPX) Up 0.18%; in an Uptrend Over Past 90 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on s&p 500.