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Index Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

S&P 500 Automobiles & Components (Industry Group) (CME:SP500-2510)

Bull Market Weakness (+75) - SP500-2510 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-2510 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SP500-2510?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2510.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-2510
Open High Low SP500-2510 Price Change
104.01 106.73 103.51 105.66 +1.12
Entry Signal

MarketClub’s Trade Triangles for SP500-2510

long term down The long-term trend has been DOWN since Oct 20th, 2023 at 119.47

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 106.75

short term up The short-term trend has been UP since May 13th, 2024 at 104.86

Smart Scan Analysis for SP500-2510

Based on our trend formula, SP500-2510 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SP500-2510
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.01 106.73 103.51 105.66 +1.12
Prev. Close Volume Bid Ask Time
105.66 115678790 2024-05-17 16:19:34
52wk High152.8452wk High Date2018-01-16
52wk Low101.0452wk Low Date2018-10-24
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