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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

S&P 500 Steel (Sub Ind) (CME:SP500-15104050)

Long-Term Uptrend (+90) - SP500-15104050 is in a strong uptrend that is likely to continue. While SP500-15104050 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

CME_SP500-15104050
Open High Low SP500-15104050 Price Change
436.52 440.94 433.33 437.63 +4.12
Entry Signal

MarketClub’s Trade Triangles for SP500-15104050

long term up The long-term trend has been UP since Nov 30th, 2023 at 382.57

intermediate term up The intermediate-term trend has been UP since Jan 30th, 2024 at 396.10

short term up The short-term trend has been UP since Mar 15th, 2024 at 425.20

Smart Scan Analysis for SP500-15104050

Based on our trend formula, SP500-15104050 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SP500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
436.52 440.94 433.33 437.63 +4.12
Prev. Close Volume Bid Ask Time
437.63 2191131 2024-03-18 16:19:53
52wk High164.2952wk High Date2018-01-12
52wk Low129.6852wk Low Date2018-10-26
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