Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
S&P Composite 1500 Financials (Sector) (CME:SP1500-40)
Countertrend Up (+85) - SP1500-40 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-40?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-40.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-40
The long-term trend has been UP since Aug 30th, 2019 at 522.98
The intermediate-term trend has been UP since Feb 6th, 2020 at 562.78
The short-term trend has been DOWN since Feb 21st, 2020 at 555.69
Smart Scan Analysis for SP1500-40
Based on our trend formula, SP1500-40 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||551.58||52wk High Date||2018-01-29|
|52wk Low||456.14||52wk Low Date||2018-10-26|