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Index Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
S&P Composite 1500 Transportation (Industry Group) (CME:SP1500-2030)
Long-Term Downtrend (-90) - SP1500-2030 is in a strong downtrend that is likely to continue. While SP1500-2030 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP1500-2030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-2030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-2030
The long-term trend has been DOWN since May 1st, 2024 at 1069.10
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 1130.88
The short-term trend has been DOWN since May 8th, 2024 at 1090.23
Smart Scan Analysis for SP1500-2030
Based on our trend formula, SP1500-2030 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1080.85 | 1093.26 | 1077.12 | 1091.82 | -6.62 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1091.82 | 168204565 | 2024-05-08 17:00:40 |
| 52wk High | 857.14 | 52wk High Date | 2018-09-21 |
| 52wk Low | 693.77 | 52wk Low Date | 2018-02-09 |