Index Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
S&P 500 Health Care (Sector) (CME:SP500-35)
Countertrend Down (-85) - SP500-35 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SP500-35?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-35
The long-term trend has been DOWN since Oct 1st, 2021 at 1469.24
The intermediate-term trend has been DOWN since Sep 10th, 2021 at 1551.54
The short-term trend has been UP since Oct 14th, 2021 at 1486.65
Smart Scan Analysis for SP500-35
Based on our trend formula, SP500-35 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1112.21||52wk High Date||2018-10-01|
|52wk Low||912.01||52wk Low Date||2018-04-02|