What Is the S&P 500?
When news reports and financial experts talk about what’s happening in “the stock market, chances are they’re referring to the S&P 500.
Indexes like the S&P 500 track the prices of a group of securities. They aim to represent the performance of a particular market, industry, or segment of the economy—or even entire national economies. There are indexes that track every asset class and business sector, from the U.S. corporate bond market to futures contracts for palladium.
The S&P 500 tracks the prices of large-cap U.S. stocks, or stocks of companies whose total outstanding shares are worth more than $10 billion. By following the S&P 500, you can easily see whether the largest U.S. stocks are gaining or losing value.
Therefore, the S&P 500 is often treated as a proxy for describing the overall health of the stock market or even the U.S. economy.
Basically, it is the strength meter for stocks, and not the focus of this thread which is finding the best Forex pair to trade.
But still be interesting to see your calculations and Excel sheet when you figure it out…