Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
S&P 500 Oil, Gas & Consumable Fuels (Industry) (CME:SP500-101020)
Long-Term Uptrend (+90) - SP500-101020 is in a strong uptrend that is likely to continue. While SP500-101020 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 SP500-101020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-101020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-101020
The long-term trend has been UP since Nov 24th, 2020 at 333.73
The intermediate-term trend has been UP since Apr 28th, 2021 at 422.04
The short-term trend has been UP since Apr 26th, 2021 at 405.11
Smart Scan Analysis for SP500-101020
Based on our trend formula, SP500-101020 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||622.61||52wk High Date||2018-10-09|
|52wk Low||498.8||52wk Low Date||2018-02-09|