Index Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
S&P Composite 1500 Consumer Durables & Apparel (Industry Group) (CME:SP1500-2520)
Sidelines Mode (+55) - SP1500-2520 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 SP1500-2520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-2520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-2520
The long-term trend has been UP since Dec 1st, 2022 at 506.06
The intermediate-term trend has been DOWN since May 12th, 2023 at 549.14
The short-term trend has been UP since May 30th, 2023 at 525.28
Smart Scan Analysis for SP1500-2520
Based on our trend formula, SP1500-2520 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||462.86||52wk High Date||2018-01-24|
|52wk Low||373.47||52wk Low Date||2018-10-26|