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Index Trend Analysis Report

Prepared for you on Monday, May 16, 2022.

S&P Composite 1500 Aluminum (Sub Ind) (CME:SP1500-15104010)

Bear Market Rally (-75) - SP1500-15104010 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP1500-15104010 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SP1500-15104010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-15104010.

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

CME_SP1500-15104010
Open High Low SP1500-15104010 Price Change
137.17 142.53 137.17 141.43 +4.26
Entry Signal

MarketClub’s Trade Triangles for SP1500-15104010

long term down The long-term trend has been DOWN since May 6th, 2022 at 139.48

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2022 at 178.92

short term up The short-term trend has been UP since May 16th, 2022 at 140.06

Smart Scan Analysis for SP1500-15104010

Based on our trend formula, SP1500-15104010 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SP1500-15104010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
137.17 142.53 137.17 141.43 +4.26
Prev. Close Volume Bid Ask Time
137.17 9112690 2022-05-16 16:20:00
52wk High129.8852wk High Date2018-01-29
52wk Low76.2452wk Low Date2018-10-30
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