Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
S&P 500 Materials (Sector) (CME:SP500-15)
Long-Term Downtrend (-90) - SP500-15 is in a strong downtrend that is likely to continue. While SP500-15 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 SP500-15?
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SP500-15
The long-term trend has been DOWN since Feb 24th, 2022 at 508.53
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 510.51
The short-term trend has been DOWN since Jun 29th, 2022 at 465.57
Smart Scan Analysis for SP500-15
Based on our trend formula, SP500-15 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 456.74 | 456.98 | 447.50 | 456.93 | -9.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 456.93 | 113046173 | 2022-07-05 17:04:11 |
| 52wk High | 402.11 | 52wk High Date | 2018-01-26 |
| 52wk Low | 313.47 | 52wk Low Date | 2018-10-26 |