Index Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
S&P 500 Consumer Staples (Sector) (CME:SP500-30)
Sidelines Mode (+55) - SP500-30 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-30?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-30.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-30
The long-term trend has been UP since Mar 26th, 2021 at 697.47
The intermediate-term trend has been UP since Mar 15th, 2021 at 676.61
The short-term trend has been DOWN since May 12th, 2021 at 720.80
Smart Scan Analysis for SP500-30
Based on our trend formula, SP500-30 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||606.9||52wk High Date||2018-01-29|
|52wk Low||500.2||52wk Low Date||2018-05-03|