S&P 500 (SPX) Moves Up For the 4th Day In A Row; 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
(Last Updated January 18, 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
The moving averages on SPX indicate a trend that is clearly bullish.
Below is a chart showing SPX’s price with its moving averages.
The View From the Weekly Timeframe
Currently, SPX’s price is down -56.43 (-1.48%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. 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. SPX’s weekly price action over the past 52 weeks can be seen via the chart below.
S&P 500 (SPX) Heads Up For the 4th Day In A Row; in an Uptrend Over Past 90 Days
It’s been a feast for bears operating on an hourly timeframe, as s&p 500 has now gone down 4 of the past 5 hours.
S&P 500 (SPX) Up 0.21%; in an Uptrend Over Past 90 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 the day prior.
S&P 500 (SPX) Heads Down For the 2nd Straight Day; 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.
S&P 500 (SPX) 2 Day Up Streak Snapped; in an Uptrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 12th for the day in terms of price change relative to the day prior.
S&P 500 (SPX) Up 0.23%; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, s&p 500 ranked 3rd since the previous day in terms of percentage price change.
S&P 500 (SPX) Up 0.04%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
S&P 500 (SPX) Down 0.66%; Pin Bar Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 8th for the day in terms of price change relative to the day prior.
S&P 500 (SPX) Up 0.71%; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, s&p 500 ranked 6th since yesterday in terms of percentage price change.
S&P 500 (SPX) Makes Big Move Relative to Two Week Trend, Up 0.57%; in an Uptrend Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved up.