Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)
Bull Market Weakness (+75) - SP500-3520 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-3520 as it may be in the beginning stages of a reversal.
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 25th, 2023 at 1194.55
The intermediate-term trend has been UP since Nov 30th, 2023 at 1212.32
The short-term trend has been UP since Nov 30th, 2023 at 1210.73
Smart Scan Analysis for SP500-3520
Based on our trend formula, SP500-3520 is rated as a +70 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|