Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P 500 Semiconductors (Sub Ind) (CME:SP500-45301020)
Sidelines Mode (-55) - SP500-45301020 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 SP500-45301020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-45301020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-45301020
The long-term trend has been DOWN since Feb 28th, 2020 at 1073.63
The intermediate-term trend has been UP since Apr 6th, 2020 at 1070.66
The short-term trend has been DOWN since May 27th, 2020 at 1212.79
Smart Scan Analysis for SP500-45301020
Based on our trend formula, SP500-45301020 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1076.14||52wk High Date||2018-06-07|
|52wk Low||817.88||52wk Low Date||2018-11-20|