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Index Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

S&P 500 Financials (Sector) (CME:SP500-40)

Countertrend Up (+85) - SP500-40 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 SP500-40?

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.

CME_SP500-40
Open High Low SP500-40 Price Change
687.85 691.06 687.85 690.92 +4.68
Entry Signal

MarketClub’s Trade Triangles for SP500-40

long term up The long-term trend has been UP since Nov 29th, 2023 at 589.15

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 685.57

short term down The short-term trend has been DOWN since May 20th, 2024 at 696.87

Smart Scan Analysis for SP500-40

Based on our trend formula, SP500-40 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-40
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
687.85 691.06 687.85 690.92 +4.68
Prev. Close Volume Bid Ask Time
690.92 164785953 2024-05-24 16:19:57
52wk High503.4252wk High Date2018-01-29
52wk Low414.5752wk Low Date2017-12-06
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