Index Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
S&P 600 Financials (Sector) (CME:SP600-40)
Sidelines Mode (-55) - SP600-40 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP600-40?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-40.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-40
The long-term trend has been DOWN since Feb 25th, 2020 at 1054.54
The intermediate-term trend has been UP since Jul 16th, 2020 at 783.32
The short-term trend has been DOWN since Aug 13th, 2020 at 819.19
Smart Scan Analysis for SP600-40
Based on our trend formula, SP600-40 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1172.16||52wk High Date||2018-08-21|
|52wk Low||978.03||52wk Low Date||2018-10-25|