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Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
S&P 500 Chemicals (Industry) (CME:SP500-151010)
Long-Term Uptrend (+90) - SP500-151010 is in a strong uptrend that is likely to continue. While SP500-151010 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 SP500-151010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-151010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP500-151010
The long-term trend has been UP since Dec 14th, 2023 at 868.99
The intermediate-term trend has been UP since May 7th, 2024 at 911.23
The short-term trend has been UP since May 7th, 2024 at 900.57
Smart Scan Analysis for SP500-151010
Based on our trend formula, SP500-151010 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 911.00 | 914.47 | 908.99 | 910.36 | -1.95 |
| Prev. Close | Volume | Bid | Ask | Time |
| 912.31 | 10480219 | 2024-05-08 11:53:23 |
| 52wk High | 664.66 | 52wk High Date | 2018-01-26 |
| 52wk Low | 541.58 | 52wk Low Date | 2018-10-26 |