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.
MarketClub’s Trade Triangles for SP500-251020
The long-term trend has been UP since Sep 8th, 2020 at 75.75
The intermediate-term trend has been UP since Oct 8th, 2020 at 75.46
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).
|52wk High||120.87||52wk High Date||2018-01-16|
|52wk Low||78.04||52wk Low Date||2018-10-24|