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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.

CME_SP500-40TR
Open High Low SP500-40TR Price Change
715.20 715.20 701.30 701.54 -13.55
Entry Signal

MarketClub’s Trade Triangles for SP500-40TR

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 810.24

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2020 at 704.18

short term down 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).

-100
Smart Scan Analysis for SP500-40TR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
715.20 715.20 701.30 701.54 -13.55
Prev. Close Volume Bid Ask Time
711.74 0 2020-10-27 16:19:52
52wk High825.656252wk High Date2018-01-29
52wk Low678.565452wk Low Date2017-12-06
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