Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P 500 Transportation (Industry Group) (CME:SP500-2030)
Bull Market Weakness (+75) - SP500-2030 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-2030 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500-2030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-2030
The long-term trend has been DOWN since Feb 25th, 2020 at 752.42
The intermediate-term trend has been UP since May 26th, 2020 at 641.57
The short-term trend has been UP since May 18th, 2020 at 593.05
Smart Scan Analysis for SP500-2030
Based on our trend formula, SP500-2030 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||820.95||52wk High Date||2018-09-21|
|52wk Low||653.83||52wk Low Date||2018-02-09|