Index Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
S&P Composite 1500 Materials (Industry Group) (CME:SP1500-1510)
Long-Term Downtrend (-90) - SP1500-1510 is in a strong downtrend that is likely to continue. While SP1500-1510 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 SP1500-1510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-1510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-1510
The long-term trend has been DOWN since Jun 13th, 2022 at 532.67
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 544.02
The short-term trend has been DOWN since Jun 29th, 2022 at 493.66
Smart Scan Analysis for SP1500-1510
Based on our trend formula, SP1500-1510 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||434.68||52wk High Date||2018-01-26|
|52wk Low||339.78||52wk Low Date||2018-10-26|