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Index Trend Analysis Report

Prepared for you on Friday, July 10, 2020.

S&P 500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP500-3520)

Countertrend Up (+85) - SP500-3520 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

CME_SP500-3520
Open High Low SP500-3520 Price Change
1016.08 1020.92 997.79 1008.86 -7.31
Entry Signal

MarketClub’s Trade Triangles for SP500-3520

long term up The long-term trend has been UP since Apr 27th, 2020 at 1010.31

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2020 at 1013.66

short term down The short-term trend has been DOWN since Jul 9th, 2020 at 1009.85

Smart Scan Analysis for SP500-3520

Based on our trend formula, SP500-3520 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-3520
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1016.08 1020.92 997.79 1008.86 -7.31
Prev. Close Volume Bid Ask Time
956.89 79579173 2020-07-09 17:11:54
52wk High941.9252wk High Date2018-10-03
52wk Low775.1352wk Low Date2018-05-03
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