Index Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
S&P 500 Trading Companies & Distributors (Sub Ind) (CME:SP500-20107010)
Sidelines Mode (-55) - SP500-20107010 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 SP500-20107010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20107010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-20107010
The long-term trend has been UP since Aug 8th, 2022 at 1060.75
The intermediate-term trend has been DOWN since Jul 27th, 2023 at 1317.05
The short-term trend has been UP since Sep 20th, 2023 at 1289.63
Smart Scan Analysis for SP500-20107010
Based on our trend formula, SP500-20107010 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||616.7||52wk High Date||2018-08-21|
|52wk Low||452.75||52wk Low Date||2018-10-26|