Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P Composite 1500 Software & Services (Industry Group) (CME:SP1500-4510)
Long-Term Uptrend (+90) - SP1500-4510 is in a strong uptrend that is likely to continue. While SP1500-4510 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-4510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-4510
The long-term trend has been UP since Jun 2nd, 2020 at 2805.55
The intermediate-term trend has been UP since Apr 6th, 2020 at 2387.99
The short-term trend has been UP since Aug 3rd, 2020 at 3016.01
Smart Scan Analysis for SP1500-4510
Based on our trend formula, SP1500-4510 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2149.08||52wk High Date||2018-07-25|
|52wk Low||1680.95||52wk Low Date||2017-12-05|