Index Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
S&P 500 Food Beverage & Tobacco (Industry Group) (CME:SP500-3020)
Bull Market Weakness (+75) - SP500-3020 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-3020 as it may be in the beginning stages of a reversal.
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 DOWN since Feb 27th, 2020 at 677.36
The intermediate-term trend has been UP since Apr 6th, 2020 at 621.70
The short-term trend has been UP since Apr 6th, 2020 at 606.84
Smart Scan Analysis for SP500-3020
Based on our trend formula, SP500-3020 is rated as a +70 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|