Index Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
S&P 500 Oil & Gas Storage & Transportation (Sub Ind) (CME:SP500-10102040)
Crossroads (-60) - SP500-10102040 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-10102040?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-10102040.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-10102040
The long-term trend has been UP since Jul 11th, 2023 at 195.85
The intermediate-term trend has been DOWN since Sep 26th, 2023 at 196.96
The short-term trend has been DOWN since Sep 29th, 2023 at 196.55
Smart Scan Analysis for SP500-10102040
Based on our trend formula, SP500-10102040 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||198.93||52wk High Date||2018-01-16|
|52wk Low||156.24||52wk Low Date||2018-04-03|