Index Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
S&P 500 Materials (Industry Group) (CME:SP500-1510)
Long-Term Uptrend (+90) - SP500-1510 is in a strong uptrend that is likely to continue. While SP500-1510 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 SP500-1510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-1510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-1510
The long-term trend has been UP since Jun 2nd, 2020 at 355.57
The intermediate-term trend has been UP since Feb 16th, 2021 at 469.72
The short-term trend has been UP since Feb 12th, 2021 at 466.37
Smart Scan Analysis for SP500-1510
Based on our trend formula, SP500-1510 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||402.07||52wk High Date||2018-01-26|
|52wk Low||302.06||52wk Low Date||2017-12-06|