Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
S&P 500 Consumer Staples (Sector) (TR) (CME:SP500-30TR)
Sidelines Mode (+55) - SP500-30TR 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 SP500-30TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-30TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-30TR
The long-term trend has been UP since Jul 13th, 2020 at 1167.01
The intermediate-term trend has been UP since Oct 7th, 2020 at 1264.38
The short-term trend has been DOWN since Oct 15th, 2020 at 1279.13
Smart Scan Analysis for SP500-30TR
Based on our trend formula, SP500-30TR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1059.92||52wk High Date||2018-01-29|
|52wk Low||880.05||52wk Low Date||2018-05-03|