Index Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
S&P 500 Information Technology (Sector) (CME:SP500-45)
Bull Market Weakness (+75) - SP500-45 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-45 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500-45?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-45.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-45
The long-term trend has been DOWN since Mar 9th, 2020 at 1476.16
The intermediate-term trend has been UP since Apr 6th, 2020 at 1476.91
The short-term trend has been UP since Apr 6th, 2020 at 1414.36
Smart Scan Analysis for SP500-45
Based on our trend formula, SP500-45 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1338.95||52wk High Date||2018-10-03|
|52wk Low||1057.51||52wk Low Date||2018-02-09|