Index Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
S&P Composite 1500 - Equity Real Estate Investment Trusts (REITs) (Industry) (CME:SP1500-601010)
Long-Term Downtrend (-90) - SP1500-601010 is in a strong downtrend that is likely to continue. While SP1500-601010 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 SP1500-601010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-601010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-601010
The long-term trend has been DOWN since Feb 28th, 2020 at 219.49
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 231.37
The short-term trend has been DOWN since Apr 1st, 2020 at 171.72
Smart Scan Analysis for SP1500-601010
Based on our trend formula, SP1500-601010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).