Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
S&P 500 Industrial Conglomerates (Sub Ind) (CME:SP500-20105010)
Sidelines Mode (-55) - SP500-20105010 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-20105010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20105010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-20105010
The long-term trend has been DOWN since Feb 25th, 2020 at 310.95
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 325.30
The short-term trend has been UP since Apr 6th, 2020 at 244.20
Smart Scan Analysis for SP500-20105010
Based on our trend formula, SP500-20105010 is rated as a -55 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|