Index Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
S&P 500 Utilities (Industry Group) (CME:SP500-5510)
Crossroads (-60) - SP500-5510 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-5510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-5510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-5510
The long-term trend has been DOWN since Feb 28th, 2020 at 310.69
The intermediate-term trend has been UP since Jul 14th, 2020 at 297.26
The short-term trend has been UP since Aug 7th, 2020 at 310.37
Smart Scan Analysis for SP500-5510
Based on our trend formula, SP500-5510 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||286.94||52wk High Date||2017-12-01|
|52wk Low||240.4||52wk Low Date||2018-02-06|