Index Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
S&P 500 Industrial Conglomerates (Industry) (CME:SP500-201050)
Countertrend Up (+85) - SP500-201050 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP500-201050?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-201050.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-201050
The long-term trend has been UP since Oct 9th, 2020 at 295.73
The intermediate-term trend has been UP since Oct 9th, 2020 at 295.73
The short-term trend has been DOWN since Nov 30th, 2020 at 347.21
Smart Scan Analysis for SP500-201050
Based on our trend formula, SP500-201050 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||397.22||52wk High Date||2018-01-12|
|52wk Low||277.93||52wk Low Date||2018-11-26|