Index Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
S&P 500 Financials (Sector) (CME:SP500-40)
Long-Term Downtrend (-90) - SP500-40 is in a strong downtrend that is likely to continue. While SP500-40 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 SP500-40?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-40.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-40
The long-term trend has been DOWN since Feb 25th, 2020 at 475.99
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 497.10
The short-term trend has been DOWN since Apr 1st, 2020 at 342.51
Smart Scan Analysis for SP500-40
Based on our trend formula, SP500-40 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||503.42||52wk High Date||2018-01-29|
|52wk Low||414.57||52wk Low Date||2017-12-06|