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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

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

Sidelines Mode (+55) - SP500-15 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 SP500-15?

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.

Open High Low SP500-15 Price Change
575.85 575.88 568.68 569.80 -5.05
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 up The intermediate-term trend has been UP since May 7th, 2024 at 574.12

short term down The short-term trend has been DOWN since May 22nd, 2024 at 576.40

Smart Scan Analysis for SP500-15

Based on our trend formula, SP500-15 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SP500-15
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
575.85 575.88 568.68 569.80 -5.05
Prev. Close Volume Bid Ask Time
569.80 90296031 2024-05-23 16:19:49
52wk High402.1152wk High Date2018-01-26
52wk Low313.4752wk Low Date2018-10-26
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