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Index Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

S&P Composite 1500 - Biotechnology (Industry) (CME:SP1500-352010)

Countertrend Down (-85) - SP1500-352010 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 SP1500-352010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-352010.

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

CME_SP1500-352010
Open High Low SP1500-352010 Price Change
3900.63 3900.63 3827.72 3829.16 -71.47
Entry Signal

MarketClub’s Trade Triangles for SP1500-352010

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 3858.15

intermediate term down The intermediate-term trend has been DOWN since Dec 19th, 2022 at 4159.28

short term up The short-term trend has been UP since Mar 13th, 2023 at 3862.49

Smart Scan Analysis for SP1500-352010

Based on our trend formula, SP1500-352010 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP1500-352010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3900.63 3900.63 3827.72 3829.16 -71.47
Prev. Close Volume Bid Ask Time
3829.16 38204417 2023-03-22 17:05:36
52wk High3495.7752wk High Date2018-01-29
52wk Low2718.1352wk Low Date2018-10-25
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