Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
S&P Composite 1500 - Pharmaceuticals (Sub Ind) (CME:SP1500-35202010)
Bull Market Weakness (+75) - SP1500-35202010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-35202010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-35202010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-35202010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-35202010
The long-term trend has been DOWN since Feb 28th, 2020 at 700.26
The intermediate-term trend has been UP since Jul 6th, 2020 at 748.30
The short-term trend has been UP since Aug 3rd, 2020 at 778.45
Smart Scan Analysis for SP1500-35202010
Based on our trend formula, SP1500-35202010 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||747.69||52wk High Date||2018-10-09|
|52wk Low||602.85||52wk Low Date||2018-05-03|