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Index Trend Analysis Report

Prepared for you on Friday, May 10, 2024.

S&P 500 Regional Banks (Sub Ind) (CME:SP500-40101015)

Countertrend Up (+85) - SP500-40101015 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 SP500-40101015?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-40101015.

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

CME_SP500-40101015
Open High Low SP500-40101015 Price Change
89.27 89.86 88.83 89.81 -0.09
Entry Signal

MarketClub’s Trade Triangles for SP500-40101015

long term up The long-term trend has been UP since Dec 1st, 2023 at 74.47

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 88.94

short term down The short-term trend has been DOWN since May 8th, 2024 at 88.40

Smart Scan Analysis for SP500-40101015

Based on our trend formula, SP500-40101015 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-40101015
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.27 89.86 88.83 89.81 -0.09
Prev. Close Volume Bid Ask Time
89.81 26676626 2024-05-09 16:20:08
52wk High134.7952wk High Date2018-03-12
52wk Low103.8652wk Low Date2018-10-24
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