Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
S&P 500 Consumer Discretionary (Sector) (CME:SP500-25)
Countertrend Up (+85) - SP500-25 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 SP500-25?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-25.
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 SP500-25
The long-term trend has been UP since Dec 13th, 2023 at 1383.65
The intermediate-term trend has been UP since May 6th, 2024 at 1467.46
The short-term trend has been DOWN since May 8th, 2024 at 1450.24
Smart Scan Analysis for SP500-25
Based on our trend formula, SP500-25 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1447.49 | 1456.79 | 1447.28 | 1454.59 | -5.93 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1460.52 | 303733363 | 2024-05-08 17:00:39 |
| 52wk High | 946.29 | 52wk High Date | 2018-10-01 |
| 52wk Low | 756.85 | 52wk Low Date | 2017-12-01 |