Index Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
S&P 500 Food Distributors (Sub Ind) (CME:SP500-30101020)
Weak Downtrend (-65) - SP500-30101020 is showing signs of a strengthening downtrend. Monitor SP500-30101020 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP500-30101020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-30101020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-30101020
The long-term trend has been UP since Feb 9th, 2022 at 980.22
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 1014.04
The short-term trend has been DOWN since Aug 9th, 2022 at 1020.28
Smart Scan Analysis for SP500-30101020
Based on our trend formula, SP500-30101020 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||911.26||52wk High Date||2018-08-24|
|52wk Low||671.75||52wk Low Date||2018-02-06|