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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P 500 Oil, Gas & Consumable Fuels (Industry) (CME:SP500-101020)

Crossroads (-60) - SP500-101020 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SP500-101020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-101020.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-101020
Open High Low SP500-101020 Price Change
791.17 791.17 775.19 778.88 -13.92
Entry Signal

MarketClub’s Trade Triangles for SP500-101020

long term up The long-term trend has been UP since Mar 1st, 2024 at 740.94

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 805.25

short term down The short-term trend has been DOWN since May 22nd, 2024 at 804.87

Smart Scan Analysis for SP500-101020

Based on our trend formula, SP500-101020 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SP500-101020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
791.17 791.17 775.19 778.88 -13.92
Prev. Close Volume Bid Ask Time
778.88 159669628 2024-05-29 16:19:53
52wk High622.6152wk High Date2018-10-09
52wk Low498.852wk Low Date2018-02-09
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