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Index Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

S&P 500 Utilities (Sector) (CME:SP500-55)

Sidelines Mode (-55) - SP500-55 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 SP500-55?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-55.

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

Open High Low SP500-55 Price Change
339.04 341.59 338.66 340.62 +2.75
Entry Signal

MarketClub’s Trade Triangles for SP500-55

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 332.05

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2023 at 352.81

short term up The short-term trend has been UP since Mar 13th, 2023 at 337.12

Smart Scan Analysis for SP500-55

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

Smart Scan Analysis for SP500-55
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
339.04 341.59 338.66 340.62 +2.75
Prev. Close Volume Bid Ask Time
340.62 107196646 2023-03-20 16:19:49
52wk High286.9952wk High Date2017-12-01
52wk Low240.3752wk Low Date2018-02-06
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