Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
S&P Composite 1500 Utilities (Sector) (CME:SP1500-55)
Bull Market Weakness (+75) - SP1500-55 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP1500-55 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP1500-55?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-55.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-55
The long-term trend has been DOWN since Oct 6th, 2022 at 375.71
The intermediate-term trend has been UP since Oct 26th, 2023 at 344.59
The short-term trend has been UP since Dec 1st, 2023 at 359.96
Smart Scan Analysis for SP1500-55
Based on our trend formula, SP1500-55 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||330.87||52wk High Date||2017-12-01|
|52wk Low||277.17||52wk Low Date||2018-02-06|