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Index Trend Analysis Report

Prepared for you on Saturday, December 21, 2024.

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

Strong Downtrend (-100) - SP500-15104050 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SP500-15104050 continues to fall. Traders should use caution and set stops.

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
294.09 300.81 293.66 297.61 +1.66
Entry Signal

MarketClub’s Trade Triangles for SP500-15104050

long term down The long-term trend has been DOWN since Dec 16th, 2024 at 313.99

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2024 at 363.30

short term down The short-term trend has been DOWN since Dec 4th, 2024 at 384.77

Smart Scan Analysis for SP500-15104050

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

-100
Smart Scan Analysis for SP500-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
294.09 300.81 293.66 297.61 +1.66
Prev. Close Volume Bid Ask Time
297.61 14731090 2024-12-20 16:19:08
52wk High164.2952wk High Date2018-01-12
52wk Low129.6852wk Low Date2018-10-26
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