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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.

CME_SP500-4010
Open High Low SP500-4010 Price Change
230.08 238.44 227.01 237.37 +11.76
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term down The long-term trend has been DOWN since Feb 24th, 2020 at 349.42

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2020 at 353.54

short term up 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).

-55
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
230.08 238.44 227.01 237.37 +11.76
Prev. Close Volume Bid Ask Time
232.36 262230958 2020-04-08 17:06:54
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
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