Index Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
S&P Composite 1500 Steel (Sub Ind) (CME:SP1500-15104050)
Long-Term Uptrend (+90) - SP1500-15104050 is in a strong uptrend that is likely to continue. While SP1500-15104050 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for SP1500-15104050
The long-term trend has been UP since Jun 5th, 2020 at 123.33
The intermediate-term trend has been UP since Feb 16th, 2021 at 168.51
The short-term trend has been UP since Apr 14th, 2021 at 218.11
Smart Scan Analysis for SP1500-15104050
Based on our trend formula, SP1500-15104050 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||202.25||52wk High Date||2018-02-20|
|52wk Low||147.63||52wk Low Date||2018-11-28|