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Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
S&P Composite 1500 Materials (Sector) (CME:SP1500-15)
Crossroads (+60) - SP1500-15 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SP1500-15
The long-term trend has been DOWN since Oct 2nd, 2023 at 523.05
The intermediate-term trend has been UP since Nov 14th, 2023 at 534.82
The short-term trend has been UP since Dec 8th, 2023 at 553.89
Smart Scan Analysis for SP1500-15
Based on our trend formula, SP1500-15 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 551.08 | 556.35 | 551.08 | 552.65 | +0.87 |
| Prev. Close | Volume | Bid | Ask | Time |
| 551.78 | 38391140 | 2023-12-08 11:27:14 |
| 52wk High | 470.06 | 52wk High Date | 2017-12-06 |
| 52wk Low | 339.72 | 52wk Low Date | 2018-10-26 |