Index Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
S&P Composite 1500 Retailing (Industry Group) (CME:SP1500-2550)
Long-Term Uptrend (+90) - SP1500-2550 is in a strong uptrend that is likely to continue. While SP1500-2550 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-2550?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-2550.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-2550
The long-term trend has been UP since Dec 26th, 2019 at 2253.85
The intermediate-term trend has been UP since Jan 31st, 2020 at 2305.74
The short-term trend has been UP since Jan 31st, 2020 at 2278.23
Smart Scan Analysis for SP1500-2550
Based on our trend formula, SP1500-2550 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2283.76||52wk High Date||2018-10-01|
|52wk Low||1556.41||52wk Low Date||2017-12-01|