Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P 500 Energy (Industry Group) (CME:SP500-1010)
Long-Term Uptrend (+90) - SP500-1010 is in a strong uptrend that is likely to continue. While SP500-1010 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for SP500-1010
The long-term trend has been UP since Nov 24th, 2020 at 298.43
The intermediate-term trend has been UP since Apr 28th, 2021 at 378.12
The short-term trend has been UP since Apr 26th, 2021 at 361.14
Smart Scan Analysis for SP500-1010
Based on our trend formula, SP500-1010 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||583.42||52wk High Date||2018-05-22|
|52wk Low||466.97||52wk Low Date||2018-11-23|