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Index Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

S&P 600 Food Beverage & Tobacco (Industry Group) (CME:SP600-3020)

Countertrend Down (-85) - SP600-3020 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SP600-3020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-3020.

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

CME_SP600-3020
Open High Low SP600-3020 Price Change
2731.52 2736.52 2692.75 2697.06 -17.12
Entry Signal

MarketClub’s Trade Triangles for SP600-3020

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 2736.56

intermediate term down The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 2755.41

short term up The short-term trend has been UP since Apr 17th, 2024 at 2721.68

Smart Scan Analysis for SP600-3020

Based on our trend formula, SP600-3020 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP600-3020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2731.52 2736.52 2692.75 2697.06 -17.12
Prev. Close Volume Bid Ask Time
2697.06 8040055 2024-04-17 16:19:26
52wk High2475.9652wk High Date2018-07-06
52wk Low2031.1452wk Low Date2018-05-03
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