Index Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
S&P Composite 1500 Energy Equipment & Services (Industry) (CME:SP1500-101010)
Bull Market Weakness (+75) - SP1500-101010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-101010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-101010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-101010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-101010
The long-term trend has been DOWN since Mar 15th, 2023 at 298.65
The intermediate-term trend has been UP since Jun 2nd, 2023 at 294.03
The short-term trend has been UP since Jun 2nd, 2023 at 286.24
Smart Scan Analysis for SP1500-101010
Based on our trend formula, SP1500-101010 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||582.6||52wk High Date||2018-01-23|
|52wk Low||354.72||52wk Low Date||2018-11-28|