Index Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
S&P 500 Food Beverage & Tobacco (Industry Group) (CME:SP500-3020)
Crossroads (-60) - SP500-3020 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-3020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-3020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-3020
The long-term trend has been UP since Dec 13th, 2021 at 788.18
The intermediate-term trend has been DOWN since May 2nd, 2022 at 857.15
The short-term trend has been DOWN since May 18th, 2022 at 849.95
Smart Scan Analysis for SP500-3020
Based on our trend formula, SP500-3020 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||742.94||52wk High Date||2018-01-29|
|52wk Low||604.67||52wk Low Date||2018-05-15|