Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
S&P Composite 1500 Consumer Discretionary (Sector) (CME:SP1500-25)
Countertrend Up (+85) - SP1500-25 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-25?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-25.
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 SP1500-25
The long-term trend has been UP since Dec 11th, 2023 at 1258.54
The intermediate-term trend has been UP since May 6th, 2024 at 1350.41
The short-term trend has been DOWN since May 8th, 2024 at 1334.44
Smart Scan Analysis for SP1500-25
Based on our trend formula, SP1500-25 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1332.90 | 1341.03 | 1332.75 | 1339.31 | -5.46 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1344.77 | 520676012 | 2024-05-08 17:00:39 |
| 52wk High | 867.63 | 52wk High Date | 2018-10-01 |
| 52wk Low | 704.64 | 52wk Low Date | 2017-12-01 |