Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
S&P 500 Transportation (Industry Group) (TR) (CME:SP500-2030TR)
Long-Term Downtrend (-90) - SP500-2030TR is in a strong downtrend that is likely to continue. While SP500-2030TR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP500-2030TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2030TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-2030TR
The long-term trend has been DOWN since Feb 25th, 2020 at 1127.92
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 1150.79
The short-term trend has been DOWN since Apr 1st, 2020 at 858.77
Smart Scan Analysis for SP500-2030TR
Based on our trend formula, SP500-2030TR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1201.55||52wk High Date||2018-09-21|
|52wk Low||944.66||52wk Low Date||2018-02-09|