Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
S&P Composite 1500 Airlines (Industry) (CME:SP1500-203020)
Long-Term Downtrend (-90) - SP1500-203020 is in a strong downtrend that is likely to continue. While SP1500-203020 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 SP1500-203020?
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.
MarketClub’s Trade Triangles for SP1500-203020
The long-term trend has been DOWN since Oct 2nd, 2019 at 350.49
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 365.88
The short-term trend has been DOWN since Mar 30th, 2020 at 194.13
Smart Scan Analysis for SP1500-203020
Based on our trend formula, SP1500-203020 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||448.59||52wk High Date||2018-01-16|
|52wk Low||348.95||52wk Low Date||2018-06-28|