Index Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
S&P Composite 1500 Banks (Industry Group) (CME:SP1500-4010)
Countertrend Up (+85) - SP1500-4010 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 SP1500-4010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-4010
The long-term trend has been UP since Nov 9th, 2020 at 277.91
The intermediate-term trend has been UP since Nov 9th, 2020 at 268.05
The short-term trend has been DOWN since Feb 26th, 2021 at 385.87
Smart Scan Analysis for SP1500-4010
Based on our trend formula, SP1500-4010 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||389.95||52wk High Date||2018-01-29|
|52wk Low||315.43||52wk Low Date||2018-10-24|