Index Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
S&P 500 (CME:SP500)
Long-Term Uptrend (+90) - SP500 is in a strong uptrend that is likely to continue. While SP500 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500
The long-term trend has been UP since Jun 5th, 2020 at 3136.72
The intermediate-term trend has been UP since Nov 9th, 2020 at 3529.05
The short-term trend has been UP since Nov 24th, 2020 at 3589.81
Smart Scan Analysis for SP500
Based on our trend formula, SP500 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2940.91||52wk High Date||2018-09-21|
|52wk Low||2532.69||52wk Low Date||2018-02-09|