Index Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
S&P 500 Industrials (Sector) (CME:SP500-20)
Weak Downtrend (-65) - SP500-20 is showing signs of a strengthening downtrend. Monitor SP500-20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP500-20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-20
The long-term trend has been UP since Jun 13th, 2023 at 878.66
The intermediate-term trend has been DOWN since Aug 15th, 2023 at 914.12
The short-term trend has been DOWN since Sep 21st, 2023 at 876.24
Smart Scan Analysis for SP500-20
Based on our trend formula, SP500-20 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||680.89||52wk High Date||2018-01-29|
|52wk Low||563.06||52wk Low Date||2018-10-29|