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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.

CME_SP500
Open High Low SP500 Price Change
4269.75 4281.15 4216.45 4229.45 -58.94
Entry Signal

MarketClub’s Trade Triangles for SP500

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 4238.63

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 4414.98

short term down 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).

-90
Smart Scan Analysis for SP500
Strong Downtrend Sideways 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 High2940.9152wk High Date2018-09-21
52wk Low2532.6952wk Low Date2018-02-09
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