Index Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
S&P 500 Health Care (Sector) (CME:SP500-35)
Sidelines Mode (-55) - SP500-35 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-35?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-35.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-35
The long-term trend has been DOWN since Oct 2nd, 2023 at 1494.54
The intermediate-term trend has been UP since Nov 17th, 2023 at 1500.65
The short-term trend has been DOWN since Nov 28th, 2023 at 1512.84
Smart Scan Analysis for SP500-35
Based on our trend formula, SP500-35 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1112.21||52wk High Date||2018-10-01|
|52wk Low||912.01||52wk Low Date||2018-04-02|