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Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
S&P 500 Energy (Industry Group) (CME:SP500-1010)
Sidelines Mode (+55) - SP500-1010 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-1010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-1010.
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 SP500-1010
The long-term trend has been UP since Mar 1st, 2024 at 659.93
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 714.61
The short-term trend has been UP since May 6th, 2024 at 715.70
Smart Scan Analysis for SP500-1010
Based on our trend formula, SP500-1010 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 708.24 | 714.34 | 706.75 | 710.73 | -0.86 |
| Prev. Close | Volume | Bid | Ask | Time |
| 711.59 | 118656563 | 2024-05-08 17:00:39 |
| 52wk High | 583.42 | 52wk High Date | 2018-05-22 |
| 52wk Low | 466.97 | 52wk Low Date | 2018-11-23 |