Index Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
S&P 500 Banks (Industry Group) (CME:SP500-4010)
Sidelines Mode (-55) - SP500-4010 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-4010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-4010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-4010
The long-term trend has been DOWN since Feb 24th, 2020 at 349.42
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 353.54
The short-term trend has been UP since Apr 6th, 2020 at 214.98
Smart Scan Analysis for SP500-4010
Based on our trend formula, SP500-4010 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||374.29||52wk High Date||2018-01-29|
|52wk Low||303.51||52wk Low Date||2018-10-24|