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Index Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

S&P 500 Automobiles (Industry) (CME:SP500-251020)

Long-Term Uptrend (+90) - SP500-251020 is in a strong uptrend that is likely to continue. While SP500-251020 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SP500-251020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-251020.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-251020
Open High Low SP500-251020 Price Change
97.77 100.02 97.36 99.31 +2.89
Entry Signal

MarketClub’s Trade Triangles for SP500-251020

long term up The long-term trend has been UP since Sep 8th, 2020 at 75.75

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2020 at 75.46

short term up The short-term trend has been UP since Nov 5th, 2020 at 83.01

Smart Scan Analysis for SP500-251020

Based on our trend formula, SP500-251020 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SP500-251020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.77 100.02 97.36 99.31 +2.89
Prev. Close Volume Bid Ask Time
82.19 93767140 2020-11-23 17:02:26
52wk High120.8752wk High Date2018-01-16
52wk Low78.0452wk Low Date2018-10-24
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