Index Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
S&P 500 Oil & Gas Storage & Transportation (Sub Ind) (CME:SP500-10102040)
Long-Term Downtrend (-90) - SP500-10102040 is in a strong downtrend that is likely to continue. While SP500-10102040 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 SP500-10102040?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-10102040.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-10102040
The long-term trend has been DOWN since Jun 15th, 2022 at 185.30
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 202.90
The short-term trend has been DOWN since Jul 1st, 2022 at 178.55
Smart Scan Analysis for SP500-10102040
Based on our trend formula, SP500-10102040 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||198.93||52wk High Date||2018-01-16|
|52wk Low||156.24||52wk Low Date||2018-04-03|