Index Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
S&P 400 Banks (Industry) (CME:SP400-401010)
Long-Term Downtrend (-90) - SP400-401010 is in a strong downtrend that is likely to continue. While SP400-401010 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 SP400-401010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-401010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP400-401010
The long-term trend has been DOWN since Dec 16th, 2022 at 619.26
The intermediate-term trend has been DOWN since Mar 1st, 2023 at 667.70
The short-term trend has been DOWN since Mar 1st, 2023 at 667.70
Smart Scan Analysis for SP400-401010
Based on our trend formula, SP400-401010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||676.04||52wk High Date||2018-06-07|
|52wk Low||504.98||52wk Low Date||2018-10-24|