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Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

S&P 500 Materials (Sector) (CME:SP500-15)

Weak Downtrend (-65) - SP500-15 is showing signs of a strengthening downtrend. Monitor SP500-15 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SP500-15?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-15.

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

CME_SP500-15
Open High Low SP500-15 Price Change
555.13 558.46 553.74 555.90 -4.68
Entry Signal

MarketClub’s Trade Triangles for SP500-15

long term up The long-term trend has been UP since Dec 14th, 2023 at 527.65

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 568.87

short term down The short-term trend has been DOWN since Apr 4th, 2024 at 578.82

Smart Scan Analysis for SP500-15

Based on our trend formula, SP500-15 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SP500-15
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
555.13 558.46 553.74 555.90 -4.68
Prev. Close Volume Bid Ask Time
560.58 86064472 2024-04-23 16:19:29
52wk High402.1152wk High Date2018-01-26
52wk Low313.4752wk Low Date2018-10-26
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