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Index Trend Analysis Report

Prepared for you on Saturday, November 16, 2024.

S&P 500 Automobiles (Industry) (CME:SP500-251020)

Countertrend Up (+85) - SP500-251020 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP500-251020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-251020.

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

CME_SP500-251020
Open High Low SP500-251020 Price Change
127.31 132.36 127.18 130.93 +3.36
Entry Signal

MarketClub’s Trade Triangles for SP500-251020

long term up The long-term trend has been UP since Jun 28th, 2024 at 86.65

intermediate term up The intermediate-term trend has been UP since Oct 24th, 2024 at 108.50

short term down The short-term trend has been DOWN since Nov 14th, 2024 at 131.85

Smart Scan Analysis for SP500-251020

Based on our trend formula, SP500-251020 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-251020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
127.31 132.36 127.18 130.93 +3.36
Prev. Close Volume Bid Ask Time
130.93 184730404 2024-11-15 16:19:23
52wk High120.8752wk High Date2018-01-16
52wk Low78.0452wk Low Date2018-10-24
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