Index Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
S&P Composite 1500 Automobiles (Industry) (CME:SP1500-251020)
Long-Term Downtrend (-90) - SP1500-251020 is in a strong downtrend that is likely to continue. While SP1500-251020 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP1500-251020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-251020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-251020
The long-term trend has been DOWN since Feb 22nd, 2022 at 128.02
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 146.74
The short-term trend has been DOWN since May 6th, 2022 at 131.18
Smart Scan Analysis for SP1500-251020
Based on our trend formula, SP1500-251020 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||137.78||52wk High Date||2018-01-16|
|52wk Low||87.05||52wk Low Date||2018-10-24|