Index Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
S&P 500 Food Products (Industry) (CME:SP500-302020)
Crossroads (-60) - SP500-302020 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-302020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-302020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-302020
The long-term trend has been UP since Nov 2nd, 2022 at 732.60
The intermediate-term trend has been DOWN since Dec 20th, 2022 at 729.71
The short-term trend has been DOWN since Jan 26th, 2023 at 701.45
Smart Scan Analysis for SP500-302020
Based on our trend formula, SP500-302020 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||591.72||52wk High Date||2018-01-29|
|52wk Low||485.32||52wk Low Date||2018-05-03|