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Index Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

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

Long-Term Downtrend (-90) - SP500-251020 is in a strong downtrend that is likely to continue. While SP500-251020 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 SP500-251020?

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
75.96 76.25 74.86 75.17 -1.63
Entry Signal

MarketClub’s Trade Triangles for SP500-251020

long term down The long-term trend has been DOWN since Oct 20th, 2023 at 87.91

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 78.19

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 74.64

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
75.96 76.25 74.86 75.17 -1.63
Prev. Close Volume Bid Ask Time
75.17 127009338 2024-04-12 16:19:38
52wk High120.8752wk High Date2018-01-16
52wk Low78.0452wk Low Date2018-10-24
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