Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P Composite 1500 Information Technology (Sector) (CME:SP1500-45)
Crossroads (+60) - SP1500-45 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP1500-45?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-45.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-45
The long-term trend has been DOWN since Feb 28th, 2020 at 1499.98
The intermediate-term trend has been UP since Apr 6th, 2020 at 1476.20
The short-term trend has been UP since May 28th, 2020 at 1745.34
Smart Scan Analysis for SP1500-45
Based on our trend formula, SP1500-45 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1365.99||52wk High Date||2018-08-30|
|52wk Low||1084.06||52wk Low Date||2018-02-09|