Index Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
S&P Composite 1500 Banks (Industry Group) (CME:SP1500-4010)
Weak Downtrend (-65) - SP1500-4010 is showing signs of a strengthening downtrend. Monitor SP1500-4010 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP1500-4010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-4010
The long-term trend has been UP since Jul 12th, 2023 at 317.73
The intermediate-term trend has been DOWN since Aug 14th, 2023 at 325.87
The short-term trend has been DOWN since Sep 19th, 2023 at 308.23
Smart Scan Analysis for SP1500-4010
Based on our trend formula, SP1500-4010 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||389.95||52wk High Date||2018-01-29|
|52wk Low||315.43||52wk Low Date||2018-10-24|