Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
S&P Composite 1500 IT Services (Industry) (CME:SP1500-451020)
Countertrend Up (+85) - SP1500-451020 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 SP1500-451020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-451020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-451020
The long-term trend has been UP since Jun 2nd, 2020 at 591.10
The intermediate-term trend has been UP since Jul 6th, 2020 at 603.75
The short-term trend has been DOWN since Aug 10th, 2020 at 620.45
Smart Scan Analysis for SP1500-451020
Based on our trend formula, SP1500-451020 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||500.6||52wk High Date||2018-09-21|
|52wk Low||392.19||52wk Low Date||2017-12-05|