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Index Trend Analysis Report

Prepared for you on Saturday, September 24, 2022.

S&P 500 Drug Retail (Sub Ind) (CME:SP500-30101010)

Long-Term Downtrend (-90) - SP500-30101010 is in a strong downtrend that is likely to continue. While SP500-30101010 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 SP500-30101010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-30101010.

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

CME_SP500-30101010
Open High Low SP500-30101010 Price Change
487.17 488.21 477.08 483.71 -7.22
Entry Signal

MarketClub’s Trade Triangles for SP500-30101010

long term down The long-term trend has been DOWN since Apr 1st, 2022 at 647.40

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2022 at 560.03

short term down The short-term trend has been DOWN since Sep 13th, 2022 at 520.25

Smart Scan Analysis for SP500-30101010

Based on our trend formula, SP500-30101010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP500-30101010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
487.17 488.21 477.08 483.71 -7.22
Prev. Close Volume Bid Ask Time
483.71 6090932 2022-09-23 17:04:17
52wk High1254.2952wk High Date2018-11-29
52wk Low870.9252wk Low Date2018-06-29
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