Index Trend Analysis Report
Prepared for you on Wednesday, July 28, 2021.
S&P Composite 1500 Materials (Sector) (CME:SP1500-15)
Sidelines Mode (-55) - SP1500-15 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 19th, 2021 at 525.41
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 538.27
The short-term trend has been UP since Jul 23rd, 2021 at 542.94
Smart Scan Analysis for SP1500-15
Based on our trend formula, SP1500-15 is rated as a -55 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|