Index Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)
Long-Term Downtrend (-90) - SP500-3520 is in a strong downtrend that is likely to continue. While SP500-3520 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP500-3520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-3520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-3520
The long-term trend has been DOWN since Mar 4th, 2021 at 1038.97
The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 1092.40
The short-term trend has been DOWN since Feb 19th, 2021 at 1096.57
Smart Scan Analysis for SP500-3520
Based on our trend formula, SP500-3520 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||941.92||52wk High Date||2018-10-03|
|52wk Low||775.13||52wk Low Date||2018-05-03|