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Index Trend Analysis Report

Prepared for you on Friday, May 17, 2024.

S&P 500 Energy (Industry Group) (CME:SP500-1010)

Weak Downtrend (-65) - SP500-1010 is showing signs of a strengthening downtrend. Monitor SP500-1010 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SP500-1010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-1010.

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

CME_SP500-1010
Open High Low SP500-1010 Price Change
713.16 717.66 710.23 711.94 -2.99
Entry Signal

MarketClub’s Trade Triangles for SP500-1010

long term up The long-term trend has been UP since Mar 1st, 2024 at 659.93

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 714.61

short term down The short-term trend has been DOWN since May 14th, 2024 at 711.44

Smart Scan Analysis for SP500-1010

Based on our trend formula, SP500-1010 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SP500-1010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
713.16 717.66 710.23 711.94 -2.99
Prev. Close Volume Bid Ask Time
714.93 115032969 2024-05-16 16:19:23
52wk High583.4252wk High Date2018-05-22
52wk Low466.9752wk Low Date2018-11-23
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