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.
MarketClub’s Trade Triangles for SP1500-55
The long-term trend has been DOWN since Feb 22nd, 2021 at 347.87
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 354.50
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).
|52wk High||330.87||52wk High Date||2017-12-01|
|52wk Low||277.17||52wk Low Date||2018-02-06|