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Index Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

S&P Composite 1500 Energy (Industry Group) (CME:SP1500-1010)

Long-Term Downtrend (-90) - SP1500-1010 is in a strong downtrend that is likely to continue. While SP1500-1010 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SP1500-1010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-1010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP1500-1010
Open High Low SP1500-1010 Price Change
619.41 624.54 619.00 622.86 +6.92
Entry Signal

MarketClub’s Trade Triangles for SP1500-1010

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 645.51

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 682.06

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 634.53

Smart Scan Analysis for SP1500-1010

Based on our trend formula, SP1500-1010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP1500-1010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
619.41 624.54 619.00 622.86 +6.92
Prev. Close Volume Bid Ask Time
622.86 237130678 2023-12-08 16:19:57
52wk High603.452wk High Date2018-05-22
52wk Low477.6552wk Low Date2018-11-23
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