Index Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
S&P 500 Packaged Foods & Meats (Sub Ind) (CME:SP500-30202030)
Countertrend Down (-85) - SP500-30202030 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SP500-30202030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-30202030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-30202030
The long-term trend has been DOWN since Feb 27th, 2020 at 530.14
The intermediate-term trend has been DOWN since May 4th, 2020 at 514.98
The short-term trend has been UP since May 26th, 2020 at 527.65
Smart Scan Analysis for SP500-30202030
Based on our trend formula, SP500-30202030 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||578.13||52wk High Date||2018-01-25|
|52wk Low||464.56||52wk Low Date||2018-05-03|