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Index Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

S&P Composite 1500 Railroads (Sub Ind) (CME:SP1500-20304010)

Bear Market Rally (-75) - SP1500-20304010 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP1500-20304010 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SP1500-20304010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-20304010.

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

CME_SP1500-20304010
Open High Low SP1500-20304010 Price Change
2916.86 2964.74 2914.91 2960.73 +31.62
Entry Signal

MarketClub’s Trade Triangles for SP1500-20304010

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 3052.04

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2024 at 3025.41

short term up The short-term trend has been UP since Jun 20th, 2024 at 2935.25

Smart Scan Analysis for SP1500-20304010

Based on our trend formula, SP1500-20304010 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SP1500-20304010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2916.86 2964.74 2914.91 2960.73 +31.62
Prev. Close Volume Bid Ask Time
2929.11 13811218 2024-06-20 16:20:12
52wk High2160.6252wk High Date2018-10-01
52wk Low1541.8152wk Low Date2018-02-09
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