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.
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).
|52wk High||941.92||52wk High Date||2018-10-03|
|52wk Low||775.13||52wk Low Date||2018-05-03|