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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.

CME_SP400-401010
Open High Low SP400-401010 Price Change
543.70 553.60 540.17 551.91 +28.55
Entry Signal

MarketClub’s Trade Triangles for SP400-401010

long term down The long-term trend has been DOWN since Dec 16th, 2022 at 619.26

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2023 at 667.70

short term down 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).

-90
Smart Scan Analysis for SP400-401010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
543.70 553.60 540.17 551.91 +28.55
Prev. Close Volume Bid Ask Time
551.91 130411144 2023-03-21 17:04:54
52wk High676.0452wk High Date2018-06-07
52wk Low504.9852wk Low Date2018-10-24
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