Index Trend Analysis Report
Prepared for you on Monday, June 14, 2021.
S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)
Long-Term Uptrend (+90) - SP500-3520 is in a strong uptrend that is likely to continue. While SP500-3520 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500-3520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-3520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-3520
The long-term trend has been UP since May 7th, 2021 at 1132.53
The intermediate-term trend has been UP since Jun 10th, 2021 at 1160.97
The short-term trend has been UP since Jun 7th, 2021 at 1132.76
Smart Scan Analysis for SP500-3520
Based on our trend formula, SP500-3520 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||941.92||52wk High Date||2018-10-03|
|52wk Low||775.13||52wk Low Date||2018-05-03|