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Index Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

S&P Composite 1500 Steel (Sub Ind) (CME:SP1500-15104050)

Bull Market Weakness (+75) - SP1500-15104050 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-15104050 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SP1500-15104050?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-15104050.

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

CME_SP1500-15104050
Open High Low SP1500-15104050 Price Change
311.63 319.62 309.30 319.40 +10.20
Entry Signal

MarketClub’s Trade Triangles for SP1500-15104050

long term up The long-term trend has been UP since Feb 25th, 2022 at 283.73

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2022 at 331.04

short term up The short-term trend has been UP since May 25th, 2022 at 295.21

Smart Scan Analysis for SP1500-15104050

Based on our trend formula, SP1500-15104050 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SP1500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
311.63 319.62 309.30 319.40 +10.20
Prev. Close Volume Bid Ask Time
319.40 36338631 2022-05-27 16:19:57
52wk High202.2552wk High Date2018-02-20
52wk Low147.6352wk Low Date2018-11-28
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