Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P 500 Software & Services (Industry Group) (CME:SP500-4510)
Bull Market Weakness (+75) - SP500-4510 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-4510 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500-4510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-4510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-4510
The long-term trend has been DOWN since Mar 9th, 2020 at 2185.06
The intermediate-term trend has been UP since Apr 6th, 2020 at 2161.16
The short-term trend has been UP since May 28th, 2020 at 2528.55
Smart Scan Analysis for SP500-4510
Based on our trend formula, SP500-4510 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1919.52||52wk High Date||2018-07-25|
|52wk Low||1498.67||52wk Low Date||2017-12-05|