Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
S&P 500 Airlines (Sub Ind) (CME:SP500-20302010)
Sidelines Mode (-55) - SP500-20302010 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 SP500-20302010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20302010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-20302010
The long-term trend has been DOWN since Oct 2nd, 2019 at 308.38
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 155.89
The short-term trend has been UP since Aug 4th, 2020 at 155.48
Smart Scan Analysis for SP500-20302010
Based on our trend formula, SP500-20302010 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||393.95||52wk High Date||2018-01-16|
|52wk Low||303.4||52wk Low Date||2018-06-28|