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
(Last Updated January 26, 2021)
Hello! This is the news page for S&P 500. 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.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, SPX’s price is up 13.89 (0.36%) from the week prior. SPX has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 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 and 10 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) 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.
S&P 500 (SPX) Up 0.71%; 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) Makes Big Move Relative to Two Week Trend, 2 Day Up Streak Snapped; Eyes 20 Day Average
This is the 2nd consecutive hour s&p 500 has seen its price head up.
S&P 500 (SPX) Heads Up For the 2nd Day In A Row
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
S&P 500 (SPX) Up 0.64%; in an Uptrend Over Past 14 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) Up 0.13%
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 6th for the day in terms of price change relative to the day prior.
S&P 500 (SPX) Down 0.22%
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.