Index Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
S&P Composite 1500 Materials (Sector) (CME:SP1500-15)
Bull Market Weakness (+75) - SP1500-15 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-15 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-15?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-15.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-15
The long-term trend has been UP since Jun 2nd, 2020 at 373.09
The intermediate-term trend has been UP since Feb 16th, 2021 at 496.37
The short-term trend has been DOWN since Feb 26th, 2021 at 492.24
Smart Scan Analysis for SP1500-15
Based on our trend formula, SP1500-15 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||470.06||52wk High Date||2017-12-06|
|52wk Low||339.72||52wk Low Date||2018-10-26|