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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.

CME_SP500-55TR
Open High Low SP500-55TR Price Change
921.93 930.44 916.97 920.92 -0.68
Entry Signal

MarketClub’s Trade Triangles for SP500-55TR

long term up The long-term trend has been UP since Oct 5th, 2020 at 874.42

intermediate term up The intermediate-term trend has been UP since Oct 2nd, 2020 at 861.43

short term up 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).

+90
Smart Scan Analysis for SP500-55TR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
921.93 930.44 916.97 920.92 -0.68
Prev. Close Volume Bid Ask Time
849.32 0 2020-10-27 16:19:52
52wk High740.1552wk High Date2018-11-20
52wk Low613.352wk Low Date2018-02-06
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