Index Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
S&P 500 Health Care (Sector) (CME:SP500-35)
Countertrend Down (-85) - SP500-35 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 SP500-35?
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 Feb 24th, 2023 at 1498.98
The intermediate-term trend has been DOWN since Dec 19th, 2022 at 1566.81
The short-term trend has been UP since Mar 16th, 2023 at 1476.32
Smart Scan Analysis for SP500-35
Based on our trend formula, SP500-35 is rated as a -85 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|