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Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

S&P 500 Steel (Sub Ind) (CME:SP500-15104050)

Weak Downtrend (-65) - SP500-15104050 is showing signs of a strengthening downtrend. Monitor SP500-15104050 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SP500-15104050?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-15104050.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-15104050
Open High Low SP500-15104050 Price Change
419.56 420.73 398.70 400.81 -7.13
Entry Signal

MarketClub’s Trade Triangles for SP500-15104050

long term up The long-term trend has been UP since Nov 30th, 2023 at 382.57

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 442.91

short term down The short-term trend has been DOWN since Apr 9th, 2024 at 456.15

Smart Scan Analysis for SP500-15104050

Based on our trend formula, SP500-15104050 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SP500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
419.56 420.73 398.70 400.81 -7.13
Prev. Close Volume Bid Ask Time
400.81 5143711 2024-04-24 17:07:33
52wk High164.2952wk High Date2018-01-12
52wk Low129.6852wk Low Date2018-10-26
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