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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.

CME_SP500-302020
Open High Low SP500-302020 Price Change
705.67 706.67 699.02 704.88 +0.53
Entry Signal

MarketClub’s Trade Triangles for SP500-302020

long term up The long-term trend has been UP since Nov 2nd, 2022 at 732.60

intermediate term down The intermediate-term trend has been DOWN since Dec 20th, 2022 at 729.71

short term down 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).

-60
Smart Scan Analysis for SP500-302020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
705.67 706.67 699.02 704.88 +0.53
Prev. Close Volume Bid Ask Time
704.35 36331197 2023-01-27 17:10:08
52wk High591.7252wk High Date2018-01-29
52wk Low485.3252wk Low Date2018-05-03
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