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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.

CME_SP1500-4010
Open High Low SP1500-4010 Price Change
303.96 304.76 299.97 300.33 -3.63
Entry Signal

MarketClub’s Trade Triangles for SP1500-4010

long term up The long-term trend has been UP since Jul 12th, 2023 at 317.73

intermediate term down The intermediate-term trend has been DOWN since Aug 14th, 2023 at 325.87

short term down 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).

-70
Smart Scan Analysis for SP1500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
303.96 304.76 299.97 300.33 -3.63
Prev. Close Volume Bid Ask Time
303.96 193712365 2023-09-22 16:19:45
52wk High389.9552wk High Date2018-01-29
52wk Low315.4352wk Low Date2018-10-24
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