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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.

CME_SP1500-55
Open High Low SP1500-55 Price Change
369.36 373.69 366.68 372.16 +3.28
Entry Signal

MarketClub’s Trade Triangles for SP1500-55

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 375.71

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2023 at 392.51

short term down 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).

-100
Smart Scan Analysis for SP1500-55
Strong Downtrend Sideways 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 High330.8752wk High Date2017-12-01
52wk Low277.1752wk Low Date2018-02-06
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