Index Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
S&P Composite 1500 Transportation (Industry Group) (CME:SP1500-2030)
Sidelines Mode (+55) - SP1500-2030 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP1500-2030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-2030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-2030
The long-term trend has been DOWN since Oct 4th, 2023 at 979.25
The intermediate-term trend has been UP since Nov 14th, 2023 at 974.16
The short-term trend has been DOWN since Nov 28th, 2023 at 1006.83
Smart Scan Analysis for SP1500-2030
Based on our trend formula, SP1500-2030 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||857.14||52wk High Date||2018-09-21|
|52wk Low||693.77||52wk Low Date||2018-02-09|