Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

S&P Composite 1500 Materials (Industry Group) (CME:SP1500-1510)

Countertrend Up (+85) - SP1500-1510 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP1500-1510?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-1510.

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

CME_SP1500-1510
Open High Low SP1500-1510 Price Change
623.27 624.92 621.91 624.89 +4.35
Entry Signal

MarketClub’s Trade Triangles for SP1500-1510

long term up The long-term trend has been UP since Dec 13th, 2023 at 567.39

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 616.87

short term down The short-term trend has been DOWN since May 16th, 2024 at 621.20

Smart Scan Analysis for SP1500-1510

Based on our trend formula, SP1500-1510 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP1500-1510
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
623.27 624.92 621.91 624.89 +4.35
Prev. Close Volume Bid Ask Time
624.89 127009771 2024-05-17 16:19:27
52wk High434.6852wk High Date2018-01-26
52wk Low339.7852wk Low Date2018-10-26
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