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Index Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
S&P 500 Food Distributors (Sub Ind) (CME:SP500-30101020)
Long-Term Downtrend (-90) - SP500-30101020 is in a strong downtrend that is likely to continue. While SP500-30101020 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 SP500-30101020?
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.
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MarketClub’s Trade Triangles for SP500-30101020
The long-term trend has been DOWN since May 1st, 2024 at 890.21
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 955.51
The short-term trend has been DOWN since May 9th, 2024 at 892.91
Smart Scan Analysis for SP500-30101020
Based on our trend formula, SP500-30101020 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 893.63 | 903.70 | 892.61 | 901.30 | +6.36 |
| Prev. Close | Volume | Bid | Ask | Time |
| 901.30 | 2098157 | 2024-05-09 16:20:08 |
| 52wk High | 911.26 | 52wk High Date | 2018-08-24 |
| 52wk Low | 671.75 | 52wk Low Date | 2018-02-06 |