Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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

Countertrend Up (+85) - SP500-15TR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP500-15TR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-15TR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low SP500-15TR Price Change
1100.86 1100.86 1085.39 1090.01 -10.85
Entry Signal

MarketClub’s Trade Triangles for SP500-15TR

long term up The long-term trend has been UP since Dec 1st, 2023 at 987.64

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 1087.84

short term down The short-term trend has been DOWN since May 22nd, 2024 at 1089.93

Smart Scan Analysis for SP500-15TR

Based on our trend formula, SP500-15TR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SP500-15TR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1100.86 1100.86 1085.39 1090.01 -10.85
Prev. Close Volume Bid Ask Time
1090.01 0 2024-05-22 16:19:59
52wk High669.8952wk High Date2018-01-26
52wk Low529.9552wk Low Date2018-10-26
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