Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P 500 Oil, Gas & Consumable Fuels (Industry) (CME:SP500-101020)
Sidelines Mode (+55) - SP500-101020 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for SP500-101020
The long-term trend has been DOWN since Jan 30th, 2020 at 457.23
The intermediate-term trend has been UP since Apr 7th, 2020 at 276.19
The short-term trend has been DOWN since May 29th, 2020 at 329.06
Smart Scan Analysis for SP500-101020
Based on our trend formula, SP500-101020 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||622.61||52wk High Date||2018-10-09|
|52wk Low||498.8||52wk Low Date||2018-02-09|