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.
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).
|52wk High||470.06||52wk High Date||2017-12-06|
|52wk Low||339.72||52wk Low Date||2018-10-26|