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Index Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
S&P 500 (CME:SP500)
Long-Term Downtrend (-90) - SP500 is in a strong downtrend that is likely to continue. While SP500 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 SP500?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP500
The long-term trend has been DOWN since Oct 3rd, 2023 at 4238.63
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 4414.98
The short-term trend has been DOWN since Oct 3rd, 2023 at 4260.21
Smart Scan Analysis for SP500
Based on our trend formula, SP500 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4269.75 | 4281.15 | 4216.45 | 4229.45 | -58.94 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4288.39 | 0 | 2023-10-03 17:07:50 |
| 52wk High | 2940.91 | 52wk High Date | 2018-09-21 |
| 52wk Low | 2532.69 | 52wk Low Date | 2018-02-09 |