Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
S&P Composite 1500 Materials (Sector) (CME:SP1500-15)
Weak Downtrend (-65) - SP1500-15 is showing signs of a strengthening downtrend. Monitor SP1500-15 as it may be building momentum to the downside.
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 Aug 28th, 2019 at 396.77
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 398.62
The short-term trend has been DOWN since Feb 24th, 2020 at 398.39
Smart Scan Analysis for SP1500-15
Based on our trend formula, SP1500-15 is rated as a -70 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|