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.
MarketClub’s Trade Triangles for SP500-55
The long-term trend has been DOWN since Oct 6th, 2022 at 332.05
The intermediate-term trend has been DOWN since Jan 19th, 2023 at 352.81
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).
|52wk High||286.99||52wk High Date||2017-12-01|
|52wk Low||240.37||52wk Low Date||2018-02-06|