Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
S&P 500 Financials (Sector) (TR) (CME:SP500-40TR)
Strong Downtrend (-100) - SP500-40TR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP500-40TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-40TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-40TR
The long-term trend has been DOWN since Feb 27th, 2020 at 810.24
The intermediate-term trend has been DOWN since Oct 27th, 2020 at 704.18
The short-term trend has been DOWN since Oct 26th, 2020 at 714.35
Smart Scan Analysis for SP500-40TR
Based on our trend formula, SP500-40TR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||825.6562||52wk High Date||2018-01-29|
|52wk Low||678.5654||52wk Low Date||2017-12-06|