Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
S&P 500 Transportation (Industry Group) (CME:SP500-2030)
Sidelines Mode (+55) - SP500-2030 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 SP500-2030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-2030
The long-term trend has been UP since Jun 5th, 2020 at 709.13
The intermediate-term trend has been UP since Jan 12th, 2021 at 949.07
The short-term trend has been DOWN since Jan 15th, 2021 at 934.65
Smart Scan Analysis for SP500-2030
Based on our trend formula, SP500-2030 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||820.95||52wk High Date||2018-09-21|
|52wk Low||653.83||52wk Low Date||2018-02-09|