Index Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
S&P 500 - Pharmaceuticals (Sub Ind) (CME:SP500-35202010)
Long-Term Uptrend (+90) - SP500-35202010 is in a strong uptrend that is likely to continue. While SP500-35202010 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500-35202010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-35202010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-35202010
The long-term trend has been UP since Nov 9th, 2020 at 768.41
The intermediate-term trend has been UP since Nov 9th, 2020 at 750.07
The short-term trend has been UP since Nov 30th, 2020 at 745.32
Smart Scan Analysis for SP500-35202010
Based on our trend formula, SP500-35202010 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||718.21||52wk High Date||2018-11-29|
|52wk Low||577.41||52wk Low Date||2018-05-03|