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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.

CME_SP500-3520
Open High Low SP500-3520 Price Change
1042.01 1056.25 1033.69 1053.62 +17.04
Entry Signal

MarketClub’s Trade Triangles for SP500-3520

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 1038.97

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 1092.40

short term down 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).

-90
Smart Scan Analysis for SP500-3520
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1042.01 1056.25 1033.69 1053.62 +17.04
Prev. Close Volume Bid Ask Time
1053.62 126220581 2021-03-05 16:20:08
52wk High941.9252wk High Date2018-10-03
52wk Low775.1352wk Low Date2018-05-03
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