Index Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)
Sidelines Mode (-55) - SP500-3520 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 SP500-3520?
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 Oct 1st, 2021 at 1171.51
The intermediate-term trend has been DOWN since Sep 9th, 2021 at 1243.85
The short-term trend has been UP since Oct 15th, 2021 at 1171.95
Smart Scan Analysis for SP500-3520
Based on our trend formula, SP500-3520 is rated as a -55 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|