Index Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
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.
MarketClub’s Trade Triangles for SP1500-1510
The long-term trend has been UP since Jun 2nd, 2020 at 373.08
The intermediate-term trend has been UP since Jul 6th, 2020 at 380.44
The short-term trend has been DOWN since Jul 8th, 2020 at 374.55
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).
|52wk High||434.68||52wk High Date||2018-01-26|
|52wk Low||339.78||52wk Low Date||2018-10-26|