Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
S&P Composite 1500 Food Beverage & Tobacco (Industry Group) (CME:SP1500-3020)
Bull Market Weakness (+75) - SP1500-3020 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-3020 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-3020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-3020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-3020
The long-term trend has been UP since Dec 13th, 2021 at 843.61
The intermediate-term trend has been DOWN since May 2nd, 2022 at 911.38
The short-term trend has been UP since May 24th, 2022 at 894.68
Smart Scan Analysis for SP1500-3020
Based on our trend formula, SP1500-3020 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||785.1||52wk High Date||2018-01-29|
|52wk Low||644||52wk Low Date||2018-05-15|