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Index Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
S&P Composite 1500 Utilities (Sector) (CME:SP1500-55)
Strong Downtrend (-100) - SP1500-55 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SP1500-55 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP1500-55?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-55.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-55
The long-term trend has been DOWN since Oct 6th, 2022 at 375.71
The intermediate-term trend has been DOWN since May 2nd, 2023 at 392.51
The short-term trend has been DOWN since May 11th, 2023 at 392.10
Smart Scan Analysis for SP1500-55
Based on our trend formula, SP1500-55 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 369.36 | 373.69 | 366.68 | 372.16 | +3.28 |
| Prev. Close | Volume | Bid | Ask | Time |
| 372.16 | 202385208 | 2023-05-31 16:19:49 |
| 52wk High | 330.87 | 52wk High Date | 2017-12-01 |
| 52wk Low | 277.17 | 52wk Low Date | 2018-02-06 |