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Index Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

S&P 500 Banks (Industry Group) (CME:SP500-4010)

Long-Term Downtrend (-90) - SP500-4010 is in a strong downtrend that is likely to continue. While SP500-4010 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 SP500-4010?

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
308.90 315.25 305.18 315.19 -1.47
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 398.24

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 325.42

short term down The short-term trend has been DOWN since Jun 30th, 2022 at 316.06

Smart Scan Analysis for SP500-4010

Based on our trend formula, SP500-4010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
308.90 315.25 305.18 315.19 -1.47
Prev. Close Volume Bid Ask Time
316.66 150891740 2022-07-05 17:04:12
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
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