Index Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
S&P 500 Retailing (Industry Group) (CME:SP500-2550)
Long-Term Downtrend (-90) - SP500-2550 is in a strong downtrend that is likely to continue. While SP500-2550 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 SP500-2550?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2550.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-2550
The long-term trend has been DOWN since Jan 20th, 2022 at 3805.89
The intermediate-term trend has been DOWN since Jun 16th, 2022 at 2766.88
The short-term trend has been DOWN since Jun 28th, 2022 at 2869.93
Smart Scan Analysis for SP500-2550
Based on our trend formula, SP500-2550 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2459.59||52wk High Date||2018-10-01|
|52wk Low||1657.5||52wk Low Date||2017-12-01|