Index Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
S&P 500 Automobiles & Components (Industry Group) (CME:SP500-2510)
Long-Term Downtrend (-90) - SP500-2510 is in a strong downtrend that is likely to continue. While SP500-2510 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP500-2510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-2510
The long-term trend has been DOWN since Feb 22nd, 2022 at 154.29
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 174.64
The short-term trend has been DOWN since Jun 29th, 2022 at 128.36
Smart Scan Analysis for SP500-2510
Based on our trend formula, SP500-2510 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||152.84||52wk High Date||2018-01-16|
|52wk Low||101.04||52wk Low Date||2018-10-24|