Index Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
S&P 500 Oil, Gas & Consumable Fuels (Industry) (CME:SP500-101020)
Strong Downtrend (-100) - SP500-101020 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jan 21st, 2020 at 494.32
The short-term trend has been DOWN since Feb 24th, 2020 at 446.49
Smart Scan Analysis for SP500-101020
Based on our trend formula, SP500-101020 is rated as a -100 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|