Index Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
S&P 500 Oil & Gas Exploration & Production (Sub Ind) (CME:SP500-10102020)
Sidelines Mode (+55) - SP500-10102020 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 SP500-10102020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-10102020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-10102020
The long-term trend has been DOWN since Feb 24th, 2020 at 319.12
The intermediate-term trend has been UP since Apr 7th, 2020 at 185.04
The short-term trend has been DOWN since May 29th, 2020 at 227.07
Smart Scan Analysis for SP500-10102020
Based on our trend formula, SP500-10102020 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||514.43||52wk High Date||2018-10-09|
|52wk Low||376.22||52wk Low Date||2018-02-09|