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Index Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

S&P Composite 1500 Banks (Industry) (CME:SP1500-401010)

Countertrend Up (+85) - SP1500-401010 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 SP1500-401010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-401010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP1500-401010
Open High Low SP1500-401010 Price Change
524.11 525.11 518.27 521.45 -5.86
Entry Signal

MarketClub’s Trade Triangles for SP1500-401010

long term up The long-term trend has been UP since Oct 21st, 2019 at 491.50

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2020 at 534.04

short term down The short-term trend has been DOWN since Feb 18th, 2020 at 525.03

Smart Scan Analysis for SP1500-401010

Based on our trend formula, SP1500-401010 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP1500-401010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
524.11 525.11 518.27 521.45 -5.86
Prev. Close Volume Bid Ask Time
535.17 193623730 2020-02-21 16:19:27
52wk High545.4752wk High Date2018-01-29
52wk Low441.6852wk Low Date2018-10-24
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