Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
S&P 500 Oil, Gas & Consumable Fuels (Industry) (CME:SP500-101020)
Weak Downtrend (-65) - SP500-101020 is showing signs of a strengthening downtrend. Monitor SP500-101020 as it may be building momentum to the downside.
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 Nov 7th, 2023 at 713.76
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 758.71
The short-term trend has been UP since Dec 1st, 2023 at 723.89
Smart Scan Analysis for SP500-101020
Based on our trend formula, SP500-101020 is rated as a -65 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|