Index Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
S&P 500 Momentum Index (US Dollar) (CME:SP500MUP)
Strong Uptrend (+100) - SP500MUP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SP500MUP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SP500MUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500MUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500MUP
The long-term trend has been UP since Jun 1st, 2020 at 1065.07
The intermediate-term trend has been UP since Apr 6th, 2020 at 924.30
The short-term trend has been UP since May 28th, 2020 at 1054.20
Smart Scan Analysis for SP500MUP
Based on our trend formula, SP500MUP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).