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Index Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

S&P 400 Steel (Sub Ind) (CME:SP400-15104050)

Long-Term Downtrend (-90) - SP400-15104050 is in a strong downtrend that is likely to continue. While SP400-15104050 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SP400-15104050?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-15104050.

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

CME_SP400-15104050
Open High Low SP400-15104050 Price Change
377.39 379.95 374.75 379.42 -1.00
Entry Signal

MarketClub’s Trade Triangles for SP400-15104050

long term down The long-term trend has been DOWN since Dec 19th, 2024 at 373.95

intermediate term down The intermediate-term trend has been DOWN since Dec 10th, 2024 at 436.33

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 460.90

Smart Scan Analysis for SP400-15104050

Based on our trend formula, SP400-15104050 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP400-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
377.39 379.95 374.75 379.42 -1.00
Prev. Close Volume Bid Ask Time
380.42 5336799 2024-12-26 11:29:09
52wk High255.4552wk High Date2018-02-20
52wk Low175.3452wk Low Date2018-11-28
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