Index Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
S&P Composite 1500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP1500-3520)
Countertrend Down (-85) - SP1500-3520 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SP1500-3520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-3520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-3520
The long-term trend has been DOWN since Mar 4th, 2021 at 1123.77
The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 1185.35
The short-term trend has been UP since Mar 8th, 2021 at 1158.72
Smart Scan Analysis for SP1500-3520
Based on our trend formula, SP1500-3520 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1010.82||52wk High Date||2018-10-03|
|52wk Low||831.3||52wk Low Date||2018-05-03|