Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
S&P 500 INDEX Jun 2020 (CME:SP.M20)
Bull Market Weakness (+75) - SP.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP.M20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP.M20
The long-term trend has been DOWN since Oct 24th, 2018 at 2761.0
The intermediate-term trend has been UP since Apr 6th, 2020 at 2630.8
The short-term trend has been UP since Apr 6th, 2020 at 2523.4
Smart Scan Analysis for SP.M20
Based on our trend formula, SP.M20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).