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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.

CME_SP500-3520
Open High Low SP500-3520 Price Change
1017.87 1022.28 1015.42 1019.57 +2.68
Entry Signal

MarketClub’s Trade Triangles for SP500-3520

long term up The long-term trend has been UP since Nov 9th, 2020 at 1061.78

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 1048.03

short term down 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).

+85
Smart Scan Analysis for SP500-3520
Strong Downtrend Sideways 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 High941.9252wk High Date2018-10-03
52wk Low775.1352wk Low Date2018-05-03
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