Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
S&P 400 Construction Machinery & Heavy Trucks (Sub Ind) (CME:SP400-20106010)
Bull Market Weakness (+75) - SP400-20106010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP400-20106010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP400-20106010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-20106010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP400-20106010
The long-term trend has been DOWN since Oct 6th, 2023 at 405.34
The intermediate-term trend has been UP since Nov 14th, 2023 at 418.25
The short-term trend has been UP since Dec 1st, 2023 at 422.66
Smart Scan Analysis for SP400-20106010
Based on our trend formula, SP400-20106010 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||399.45||52wk High Date||2018-07-26|
|52wk Low||284.79||52wk Low Date||2018-10-30|