S&P 500 (SPX) Down 0.32%, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
S&P 500
(Last Updated March 16, 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
For S&P 500, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.
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
Currently, SPX’s price is up 25.6 (0.65%) from the week prior. Moreover, note that this is the 3rd consecutive week SPX has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 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) 2 Day Up Streak Ended, Price Base in Formation Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on s&p 500.
S&P 500 (SPX) 2 Day Down Streak Ended, Breaks Above 20 Day 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 (SPX) 2 Day Down Streak Ended, in an Uptrend Over Past 14 Days; Morning Star Pattern Appearing on Chart
This move is a reversal from the hour prior, which saw price move down.
S&P 500 (SPX) Up 0.7%, Price Base in Formation Over Past 30 Days; Morning Star Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a morning star pattern showing up on the charts as well.
S&P 500 (SPX) Down 1.48%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
S&P 500 (SPX) Up 0.29%; in an Uptrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
S&P 500 (SPX) 5 Day Up Streak Snapped; Price Base in Formation Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
S&P 500 (SPX) Up 0.65%; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
S&P 500 (SPX) Up 0.6%; Crosses 20 Day Moving Average
Relative to other instruments in the equity indices asset class, s&p 500 ranked 7th since the day prior in terms of percentage price change.