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Index Trend Analysis Report

Prepared for you on Monday, September 16, 2024.

S&P 500 Banks (Industry) (CME:SP500-401010)

Bear Market Rally (-75) - SP500-401010 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-401010 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SP500-401010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-401010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-401010
Open High Low SP500-401010 Price Change
580.76 586.22 580.63 585.62 +8.66
Entry Signal

MarketClub’s Trade Triangles for SP500-401010

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 549.65

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2024 at 586.57

short term up The short-term trend has been UP since Sep 16th, 2024 at 586.19

Smart Scan Analysis for SP500-401010

Based on our trend formula, SP500-401010 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SP500-401010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
580.76 586.22 580.63 585.62 +8.66
Prev. Close Volume Bid Ask Time
576.96 116122183 2024-09-16 16:54:41
52wk High534.7352wk High Date2018-01-29
52wk Low433.6152wk Low Date2018-10-24
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