Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
S&P 500 Semiconductors & Semiconductor Equipment (Industry Group) (CME:SP500-4530)
Countertrend Up (+85) - SP500-4530 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP500-4530?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-4530.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-4530
The long-term trend has been UP since Sep 12th, 2019 at 1103.05
The intermediate-term trend has been UP since Feb 12th, 2020 at 1342.85
The short-term trend has been DOWN since Feb 21st, 2020 at 1324.92
Smart Scan Analysis for SP500-4530
Based on our trend formula, SP500-4530 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1095.24||52wk High Date||2018-06-07|
|52wk Low||826.22||52wk Low Date||2018-11-20|