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Index Trend Analysis Report

Prepared for you on Sunday, May 5, 2024.

S&P 500 Software (Industry) (CME:SP500-451030)

Sidelines Mode (+55) - SP500-451030 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SP500-451030?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-451030.

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

CME_SP500-451030
Open High Low SP500-451030 Price Change
6417.05 6480.26 6416.93 6474.06 +121.79
Entry Signal

MarketClub’s Trade Triangles for SP500-451030

long term up The long-term trend has been UP since Nov 2nd, 2023 at 5622.18

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 6671.41

short term up The short-term trend has been UP since May 3rd, 2024 at 6421.55

Smart Scan Analysis for SP500-451030

Based on our trend formula, SP500-451030 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SP500-451030
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6417.05 6480.26 6416.93 6474.06 +121.79
Prev. Close Volume Bid Ask Time
6474.06 62775505 2024-05-03 16:20:08
52wk High2180.1952wk High Date2018-10-01
52wk Low1549.0452wk Low Date2017-12-06
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