Index Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
S&P Composite 1500 Materials (Sector) (CME:SP1500-15)
Weak Downtrend (-65) - SP1500-15 is showing signs of a strengthening downtrend. Monitor SP1500-15 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP1500-15?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-15.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-15
The long-term trend has been UP since Nov 3rd, 2021 at 576.81
The intermediate-term trend has been DOWN since Jan 18th, 2022 at 581.94
The short-term trend has been DOWN since Jan 18th, 2022 at 584.00
Smart Scan Analysis for SP1500-15
Based on our trend formula, SP1500-15 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||470.06||52wk High Date||2017-12-06|
|52wk Low||339.72||52wk Low Date||2018-10-26|