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Index Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

S&P Composite 1500 Semiconductors & Semiconductor Equipment (Industry Group) (CME:SP1500-4530)

Long-Term Uptrend (+90) - SP1500-4530 is in a strong uptrend that is likely to continue. While SP1500-4530 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SP1500-4530?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4530.

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

CME_SP1500-4530
Open High Low SP1500-4530 Price Change
4950.38 4997.03 4892.04 4903.77 +165.88
Entry Signal

MarketClub’s Trade Triangles for SP1500-4530

long term up The long-term trend has been UP since Nov 14th, 2023 at 3008.50

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 4499.23

short term up The short-term trend has been UP since May 10th, 2024 at 4500.20

Smart Scan Analysis for SP1500-4530

Based on our trend formula, SP1500-4530 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SP1500-4530
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4950.38 4997.03 4892.04 4903.77 +165.88
Prev. Close Volume Bid Ask Time
4737.89 248236964 2024-05-23 14:45:27
52wk High1092.5952wk High Date2018-06-07
52wk Low825.9852wk Low Date2018-10-29
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