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Index Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
S&P 500 Utilities (Industry Group) (CME:SP500-5510)
Strong Downtrend (-100) - SP500-5510 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SP500-5510 continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for SP500-5510
The long-term trend has been DOWN since Oct 6th, 2022 at 332.06
The intermediate-term trend has been DOWN since May 2nd, 2023 at 346.45
The short-term trend has been DOWN since May 15th, 2023 at 346.27
Smart Scan Analysis for SP500-5510
Based on our trend formula, SP500-5510 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 325.30 | 329.35 | 322.99 | 327.97 | +3.11 |
| Prev. Close | Volume | Bid | Ask | Time |
| 327.97 | 181005317 | 2023-05-31 16:19:53 |
| 52wk High | 286.94 | 52wk High Date | 2017-12-01 |
| 52wk Low | 240.4 | 52wk Low Date | 2018-02-06 |