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Index Trend Analysis Report

Prepared for you on Thursday, June 1, 2023.

S&P Composite 1500 Food Beverage & Tobacco (Industry Group) (CME:SP1500-3020)

Crossroads (-60) - SP1500-3020 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SP1500-3020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-3020.

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

CME_SP1500-3020
Open High Low SP1500-3020 Price Change
893.65 896.07 890.92 894.42 +2.75
Entry Signal

MarketClub’s Trade Triangles for SP1500-3020

long term up The long-term trend has been UP since Apr 25th, 2023 at 927.96

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 920.47

short term down The short-term trend has been DOWN since May 16th, 2023 at 928.27

Smart Scan Analysis for SP1500-3020

Based on our trend formula, SP1500-3020 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SP1500-3020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
893.65 896.07 890.92 894.42 +2.75
Prev. Close Volume Bid Ask Time
891.67 70728667 2023-06-01 15:50:12
52wk High785.152wk High Date2018-01-29
52wk Low64452wk Low Date2018-05-15
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