Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
S&P 500 Energy (Industry Group) (CME:SP500-1010)
Bear Market Rally (-75) - SP500-1010 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-1010 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SP500-1010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-1010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-1010
The long-term trend has been DOWN since Jan 30th, 2020 at 410.79
The intermediate-term trend has been DOWN since Jan 21st, 2020 at 447.94
The short-term trend has been UP since Feb 20th, 2020 at 413.71
Smart Scan Analysis for SP500-1010
Based on our trend formula, SP500-1010 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||583.42||52wk High Date||2018-05-22|
|52wk Low||466.97||52wk Low Date||2018-11-23|