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.
MarketClub’s Trade Triangles for SP500-30101010
The long-term trend has been DOWN since Apr 1st, 2022 at 647.40
The intermediate-term trend has been DOWN since Aug 18th, 2022 at 560.03
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).
|52wk High||1254.29||52wk High Date||2018-11-29|
|52wk Low||870.92||52wk Low Date||2018-06-29|