Index Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
S&P Total Market Index (TMI) (CME:SPTMI)
Countertrend Up (+85) - SPTMI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPTMI?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPTMI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPTMI
The long-term trend has been UP since Jun 5th, 2020 at 3228.47
The intermediate-term trend has been UP since Nov 9th, 2020 at 3654.85
The short-term trend has been DOWN since Nov 30th, 2020 at 3763.51
Smart Scan Analysis for SPTMI
Based on our trend formula, SPTMI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3091.25||52wk High Date||2017-12-06|
|52wk Low||2641.88||52wk Low Date||2018-02-09|