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Index Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

S&P Composite 1500 Utilities (Sector) (CME:SP1500-55)

Long-Term Downtrend (-90) - SP1500-55 is in a strong downtrend that is likely to continue. While SP1500-55 is showing intraday strength, it remains in the confines of a bearish trend. 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.

CME_SP1500-55
Open High Low SP1500-55 Price Change
340.38 347.19 340.38 346.64 +9.63
Entry Signal

MarketClub’s Trade Triangles for SP1500-55

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 347.87

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2021 at 354.50

short term down The short-term trend has been DOWN since Feb 12th, 2021 at 361.12

Smart Scan Analysis for SP1500-55

Based on our trend formula, SP1500-55 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP1500-55
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
340.38 347.19 340.38 346.64 +9.63
Prev. Close Volume Bid Ask Time
337.01 34580555 2021-03-01 12:01:02
52wk High330.8752wk High Date2017-12-01
52wk Low277.1752wk Low Date2018-02-06
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