Index Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
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.
MarketClub’s Trade Triangles for SP1500-401010
The long-term trend has been UP since Nov 9th, 2020 at 388.38
The intermediate-term trend has been UP since Nov 3rd, 2020 at 374.25
The short-term trend has been DOWN since Mar 4th, 2021 at 542.00
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).
|52wk High||545.47||52wk High Date||2018-01-29|
|52wk Low||441.68||52wk Low Date||2018-10-24|