Index Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
S&P 500 Airlines (Industry) (CME:SP500-203020)
Bear Market Rally (-75) - SP500-203020 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-203020 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SP500-203020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-203020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-203020
The long-term trend has been DOWN since Oct 2nd, 2019 at 308.38
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 318.05
The short-term trend has been UP since Apr 7th, 2020 at 146.00
Smart Scan Analysis for SP500-203020
Based on our trend formula, SP500-203020 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||393.95||52wk High Date||2018-01-16|
|52wk Low||303.4||52wk Low Date||2018-06-28|