Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

S&P Composite 1500 Banks (Industry Group) (CME:SP1500-4010)

Countertrend Down (-85) - SP1500-4010 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 SP1500-4010?

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.

CME_SP1500-4010
Open High Low SP1500-4010 Price Change
340.45 348.77 338.29 338.83 -1.62
Entry Signal

MarketClub’s Trade Triangles for SP1500-4010

long term down The long-term trend has been DOWN since Mar 1st, 2022 at 411.11

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 343.09

short term up The short-term trend has been UP since Jun 24th, 2022 at 340.18

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).

-85
Smart Scan Analysis for SP1500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
340.45 348.77 338.29 338.83 -1.62
Prev. Close Volume Bid Ask Time
340.45 200879693 2022-06-28 16:20:00
52wk High389.9552wk High Date2018-01-29
52wk Low315.4352wk Low Date2018-10-24
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