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Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
S&P Composite 1500 Energy (Industry Group) (CME:SP1500-1010)
Long-Term Downtrend (-90) - SP1500-1010 is in a strong downtrend that is likely to continue. While SP1500-1010 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP1500-1010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-1010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-1010
The long-term trend has been DOWN since Nov 7th, 2023 at 645.51
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 682.06
The short-term trend has been DOWN since Dec 5th, 2023 at 634.53
Smart Scan Analysis for SP1500-1010
Based on our trend formula, SP1500-1010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 619.41 | 624.54 | 619.00 | 621.67 | +5.73 |
| Prev. Close | Volume | Bid | Ask | Time |
| 615.94 | 67300773 | 2023-12-08 11:34:27 |
| 52wk High | 603.4 | 52wk High Date | 2018-05-22 |
| 52wk Low | 477.65 | 52wk Low Date | 2018-11-23 |