Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
S&P 500 Utilities (Sector) (TR) (CME:SP500-55TR)
Long-Term Uptrend (+90) - SP500-55TR is in a strong uptrend that is likely to continue. While SP500-55TR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500-55TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-55TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-55TR
The long-term trend has been UP since Oct 5th, 2020 at 874.42
The intermediate-term trend has been UP since Oct 2nd, 2020 at 861.43
The short-term trend has been UP since Oct 16th, 2020 at 909.81
Smart Scan Analysis for SP500-55TR
Based on our trend formula, SP500-55TR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||740.15||52wk High Date||2018-11-20|
|52wk Low||613.3||52wk Low Date||2018-02-06|