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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.

Open High Low SP500-15104050 Price Change
353.32 355.71 346.78 349.17 -3.37
Entry Signal

MarketClub’s Trade Triangles for SP500-15104050

long term up The long-term trend has been UP since Jul 3rd, 2023 at 367.38

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 356.14

short term up 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).

Smart Scan Analysis for SP500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
353.32 355.71 346.78 349.17 -3.37
Prev. Close Volume Bid Ask Time
352.54 2700002 2023-10-02 16:19:38
52wk High164.2952wk High Date2018-01-12
52wk Low129.6852wk Low Date2018-10-26
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