S&P 500 (SPX) Outperforms All 8 major Global Equity Indices, Up 1.39%; Breaks Above 50 Day Average
S&p 500 outperformed all 8 assets in the 8 major global equity indices asset class since the day prior.
S&P 500
(Last Updated March 3, 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
As for trends on SPX, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
SPX Moving Averages
SPX’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, SPX’s price is up 59.14 (1.55%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend 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) Fares the Worst Out of 8 major Global Equity Indices, Down 0.05%; in a Downtrend Over Past 90 Days
Is it building a top and then we roll over?
S&P 500 (SPX) Up 2.29%; in a Downtrend Over Past 90 Days
Spx opened higher by 51.33 points, or 1.88%, at 2,787.89.
S&P 500 (SPX) Down 3.07%; in an Uptrend Over Past 14 Days
When do we get a negative s&p 500?
S&P 500 (SPX) 2 Day Up Streak Snapped, Breaks Below 50 Day Average; in an Uptrend Over Past 14 Days
Only other times since wwii that it gained >12% in 2 weeks was october 1974, august 1982, and march 2009.
S&P 500 (SPX) Up 2.68%, Crosses 50 Day Moving Average; in an Uptrend Over Past 14 Days
Only other times since wwii that it gained >12% in 2 weeks was october 1974, august 1982, and march 2009.
S&P 500 (SPX) in an Uptrend Over Past 14 Days, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart
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) Down 2.2%
Out of the 8 instruments in the 8 major global 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) Tops All 8 major Global Equity Indices; Up 3.2%
S&p 500 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday.
S&P 500 (SPX) Down 1.01%; in an Uptrend Over Past 14 Days
Relative to other instruments in the 8 major global equity indices asset class, s&p 500 ranked 5th since the previous day in terms of percentage price change.