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Index Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

S&P Composite 1500 Restaurants (Sub Ind) (CME:SP1500-25301040)

Countertrend Down (-85) - SP1500-25301040 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SP1500-25301040?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-25301040.

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

CME_SP1500-25301040
Open High Low SP1500-25301040 Price Change
2252.44 2260.91 2229.05 2232.77 -23.13
Entry Signal

MarketClub’s Trade Triangles for SP1500-25301040

long term down The long-term trend has been DOWN since May 1st, 2024 at 2245.52

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 2245.52

short term up The short-term trend has been UP since Jun 13th, 2024 at 2241.90

Smart Scan Analysis for SP1500-25301040

Based on our trend formula, SP1500-25301040 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP1500-25301040
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2252.44 2260.91 2229.05 2232.77 -23.13
Prev. Close Volume Bid Ask Time
2255.90 34901178 2024-06-20 16:20:12
52wk High1428.1352wk High Date2018-11-29
52wk Low1139.9252wk Low Date2018-02-09
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