Index Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
S&P 500 Automotive Retail (Sub Ind) (CME:SP500-25504050)
Countertrend Up (+85) - SP500-25504050 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 SP500-25504050?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-25504050.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-25504050
The long-term trend has been UP since Aug 1st, 2022 at 1712.51
The intermediate-term trend has been UP since Jun 24th, 2022 at 1636.83
The short-term trend has been DOWN since Aug 19th, 2022 at 1793.47
Smart Scan Analysis for SP500-25504050
Based on our trend formula, SP500-25504050 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||903.33||52wk High Date||2018-11-29|
|52wk Low||613.89||52wk Low Date||2018-04-20|