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.
MarketClub’s Trade Triangles for SP1500-1010
The long-term trend has been DOWN since Nov 7th, 2023 at 645.51
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 682.06
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).
|52wk High||603.4||52wk High Date||2018-05-22|
|52wk Low||477.65||52wk Low Date||2018-11-23|