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Index Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

S&P Composite 1500 Airlines (Industry) (CME:SP1500-203020)

Sidelines Mode (-55) - SP1500-203020 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 SP1500-203020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-203020.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP1500-203020
Open High Low SP1500-203020 Price Change
189.82 191.86 188.31 191.09 -0.95
Entry Signal

MarketClub’s Trade Triangles for SP1500-203020

long term down The long-term trend has been DOWN since Oct 2nd, 2019 at 350.49

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 181.06

short term up The short-term trend has been UP since Aug 4th, 2020 at 180.38

Smart Scan Analysis for SP1500-203020

Based on our trend formula, SP1500-203020 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SP1500-203020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
189.82 191.86 188.31 191.09 -0.95
Prev. Close Volume Bid Ask Time
192.85 99117603 2020-08-07 14:44:12
52wk High448.5952wk High Date2018-01-16
52wk Low348.9552wk Low Date2018-06-28
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