Index Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
S&P 500 Steel (Sub Ind) (CME:SP500-15104050)
Sidelines Mode (+55) - SP500-15104050 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 SP500-15104050?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-15104050.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-15104050
The long-term trend has been UP since Jul 3rd, 2023 at 367.38
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 356.14
The short-term trend has been UP since Sep 27th, 2023 at 348.98
Smart Scan Analysis for SP500-15104050
Based on our trend formula, SP500-15104050 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||164.29||52wk High Date||2018-01-12|
|52wk Low||129.68||52wk Low Date||2018-10-26|