Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
S&P Composite 1500 Information Technology (Sector) (CME:SP1500-45)
Weak Downtrend (-65) - SP1500-45 is showing signs of a strengthening downtrend. Monitor SP1500-45 as it may be building momentum to the downside.
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 UP since Oct 25th, 2019 at 1482.22
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 1698.99
The short-term trend has been DOWN since Feb 20th, 2020 at 1795.84
Smart Scan Analysis for SP1500-45
Based on our trend formula, SP1500-45 is rated as a -70 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|