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.
MarketClub’s Trade Triangles for SP400-30101030
The long-term trend has been UP since Nov 16th, 2022 at 7353.75
The intermediate-term trend has been UP since Jan 27th, 2023 at 7004.35
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).
|52wk High||5431.96||52wk High Date||2018-09-11|
|52wk Low||3893.33||52wk Low Date||2018-06-12|