Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

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

Bull Market Weakness (+75) - SP500-101020 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-101020 as it may be in the beginning stages of a reversal.

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
687.93 704.02 687.93 703.25 +18.32
Entry Signal

MarketClub’s Trade Triangles for SP500-101020

long term down The long-term trend has been DOWN since Feb 22nd, 2023 at 707.56

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2023 at 698.31

short term up The short-term trend has been UP since Jun 2nd, 2023 at 673.33

Smart Scan Analysis for SP500-101020

Based on our trend formula, SP500-101020 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SP500-101020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
687.93 704.02 687.93 703.25 +18.32
Prev. Close Volume Bid Ask Time
684.93 128161455 2023-06-07 16:04:53
52wk High622.6152wk High Date2018-10-09
52wk Low498.852wk Low Date2018-02-09
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