Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
S&P Composite 1500 Energy (Sector) (CME:SP1500-10)
Bull Market Weakness (+75) - SP1500-10 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-10 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-10?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-10.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-10
The long-term trend has been DOWN since Jan 30th, 2020 at 408.04
The intermediate-term trend has been UP since Jul 21st, 2020 at 288.04
The short-term trend has been UP since Aug 4th, 2020 at 276.24
Smart Scan Analysis for SP1500-10
Based on our trend formula, SP1500-10 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||603.42||52wk High Date||2018-05-22|
|52wk Low||477.65||52wk Low Date||2018-11-23|