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Index Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

S&P Composite 1500 - Biotechnology (Sub Ind) (CME:SP1500-35201010)

Countertrend Down (-85) - SP1500-35201010 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 SP1500-35201010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-35201010.

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

CME_SP1500-35201010
Open High Low SP1500-35201010 Price Change
3460.66 3501.89 3435.15 3436.75 +1.75
Entry Signal

MarketClub’s Trade Triangles for SP1500-35201010

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 3613.60

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2022 at 3586.83

short term up The short-term trend has been UP since Jan 27th, 2022 at 3500.07

Smart Scan Analysis for SP1500-35201010

Based on our trend formula, SP1500-35201010 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP1500-35201010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3460.66 3501.89 3435.15 3436.75 +1.75
Prev. Close Volume Bid Ask Time
3435.00 62082220 2022-01-27 17:00:07
52wk High3495.7752wk High Date2018-01-29
52wk Low2718.1352wk Low Date2018-10-25
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