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Index Trend Analysis Report
Prepared for you on Sunday, November 17, 2024.
S&P 500 (CME:SP500)
Countertrend Up (+85) - SP500 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 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 UP since Nov 29th, 2023 at 4584.62
The intermediate-term trend has been UP since Nov 6th, 2024 at 5878.46
The short-term trend has been DOWN since Nov 14th, 2024 at 5960.08
Smart Scan Analysis for SP500
Based on our trend formula, SP500 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5912.79 | 5915.32 | 5853.01 | 5870.62 | -78.55 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5870.62 | 0 | 2024-11-15 16:19:22 |
| 52wk High | 2940.91 | 52wk High Date | 2018-09-21 |
| 52wk Low | 2532.69 | 52wk Low Date | 2018-02-09 |