Index Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
S&P 500 Oil & Gas Drilling (Sub Ind) (CME:SP500-10101010)
Sidelines Mode (+55) - SP500-10101010 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-10101010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-10101010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-10101010
The long-term trend has been DOWN since Feb 27th, 2020 at 101.15
The intermediate-term trend has been UP since Apr 9th, 2020 at 52.01
The short-term trend has been DOWN since May 21st, 2020 at 49.54
Smart Scan Analysis for SP500-10101010
Based on our trend formula, SP500-10101010 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||203.44||52wk High Date||2018-01-29|
|52wk Low||151.08||52wk Low Date||2017-12-06|