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Index Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

S&P Composite 1500 Utilities (Industry Group) (CME:SP1500-5510)

Countertrend Down (-85) - SP1500-5510 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 SP1500-5510?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-5510.

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

CME_SP1500-5510
Open High Low SP1500-5510 Price Change
396.97 400.79 395.90 396.23 -2.05
Entry Signal

MarketClub’s Trade Triangles for SP1500-5510

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 375.68

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2023 at 400.64

short term up The short-term trend has been UP since Jan 30th, 2023 at 399.91

Smart Scan Analysis for SP1500-5510

Based on our trend formula, SP1500-5510 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP1500-5510
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
396.97 400.79 395.90 396.23 -2.05
Prev. Close Volume Bid Ask Time
398.38 94471753 2023-01-30 17:06:50
52wk High330.8752wk High Date2017-12-01
52wk Low277.1752wk Low Date2018-02-06
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