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Index Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)
Countertrend Up (+85) - SP500-3520 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for SP500-3520
The long-term trend has been UP since Nov 9th, 2020 at 1061.78
The intermediate-term trend has been UP since Nov 4th, 2020 at 1048.03
The short-term trend has been DOWN since Nov 18th, 2020 at 1033.07
Smart Scan Analysis for SP500-3520
Based on our trend formula, SP500-3520 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1017.87 | 1022.28 | 1015.42 | 1019.57 | +2.68 |
| Prev. Close | Volume | Bid | Ask | Time |
| 986.27 | 78198094 | 2020-11-24 13:17:23 |
| 52wk High | 941.92 | 52wk High Date | 2018-10-03 |
| 52wk Low | 775.13 | 52wk Low Date | 2018-05-03 |