Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P 500 Drug Retail (Sub Ind) (CME:SP500-30101010)
Bull Market Weakness (+75) - SP500-30101010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-30101010 as it may be in the beginning stages of a reversal.
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 Jan 30th, 2020 at 759.82
The intermediate-term trend has been UP since May 27th, 2020 at 637.68
The short-term trend has been UP since May 26th, 2020 at 600.40
Smart Scan Analysis for SP500-30101010
Based on our trend formula, SP500-30101010 is rated as a +70 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|