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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.

CME_SP1500-4510
Open High Low SP1500-4510 Price Change
3098.06 3112.07 3088.92 3097.53 -2.95
Entry Signal

MarketClub’s Trade Triangles for SP1500-4510

long term up The long-term trend has been UP since Jun 2nd, 2020 at 2805.55

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 2387.99

short term up 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).

+90
Smart Scan Analysis for SP1500-4510
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3098.06 3112.07 3088.92 3097.53 -2.95
Prev. Close Volume Bid Ask Time
2754.78 58169815 2020-08-06 12:13:42
52wk High2149.0852wk High Date2018-07-25
52wk Low1680.9552wk Low Date2017-12-05
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