Index Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
S&P Composite 1500 Materials (Industry Group) (CME:SP1500-1510)
Bull Market Weakness (+75) - SP1500-1510 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-1510 as it may be in the beginning stages of a reversal.
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 Jul 19th, 2021 at 525.42
The intermediate-term trend has been UP since Oct 14th, 2021 at 548.35
The short-term trend has been UP since Oct 4th, 2021 at 538.67
Smart Scan Analysis for SP1500-1510
Based on our trend formula, SP1500-1510 is rated as a +70 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|