Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P 500 Materials (Sector) (CME:SP500-15)
Long-Term Uptrend (+90) - SP500-15 is in a strong uptrend that is likely to continue. While SP500-15 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500-15?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-15.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-15
The long-term trend has been UP since Jun 2nd, 2020 at 355.56
The intermediate-term trend has been UP since Jul 6th, 2020 at 364.93
The short-term trend has been UP since Aug 4th, 2020 at 382.17
Smart Scan Analysis for SP500-15
Based on our trend formula, SP500-15 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||402.11||52wk High Date||2018-01-26|
|52wk Low||313.47||52wk Low Date||2018-10-26|