Index Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
S&P 500 Energy (Sector) (CME:SP500-10)
Bear Market Rally (-75) - SP500-10 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-10 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SP500-10?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-10.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-10
The long-term trend has been DOWN since Jun 23rd, 2022 at 532.72
The intermediate-term trend has been DOWN since Jun 15th, 2022 at 618.93
The short-term trend has been UP since Jun 28th, 2022 at 566.81
Smart Scan Analysis for SP500-10
Based on our trend formula, SP500-10 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||583.43||52wk High Date||2018-05-22|
|52wk Low||466.92||52wk Low Date||2018-11-23|