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Index Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

S&P 400 Food Retail (Sub Ind) (CME:SP400-30101030)

Countertrend Up (+85) - SP400-30101030 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP400-30101030?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-30101030.

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

CME_SP400-30101030
Open High Low SP400-30101030 Price Change
6880.25 6954.99 6816.67 6937.56 +22.11
Entry Signal

MarketClub’s Trade Triangles for SP400-30101030

long term up The long-term trend has been UP since Nov 16th, 2022 at 7353.75

intermediate term up The intermediate-term trend has been UP since Jan 27th, 2023 at 7004.35

short term down The short-term trend has been DOWN since Feb 3rd, 2023 at 6920.47

Smart Scan Analysis for SP400-30101030

Based on our trend formula, SP400-30101030 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP400-30101030
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6880.25 6954.99 6816.67 6937.56 +22.11
Prev. Close Volume Bid Ask Time
6973.51 2074474 2023-02-07 16:19:05
52wk High5431.9652wk High Date2018-09-11
52wk Low3893.3352wk Low Date2018-06-12
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