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Index Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

S&P 500 - Biotechnology (Industry) (CME:SP500-352010)

Long-Term Downtrend (-90) - SP500-352010 is in a strong downtrend that is likely to continue. While SP500-352010 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SP500-352010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-352010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-352010
Open High Low SP500-352010 Price Change
5311.51 5339.90 5274.60 5338.78 +53.64
Entry Signal

MarketClub’s Trade Triangles for SP500-352010

long term down The long-term trend has been DOWN since Apr 4th, 2024 at 5459.84

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 5618.32

short term down The short-term trend has been DOWN since Apr 1st, 2024 at 5701.08

Smart Scan Analysis for SP500-352010

Based on our trend formula, SP500-352010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SP500-352010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5311.51 5339.90 5274.60 5338.78 +53.64
Prev. Close Volume Bid Ask Time
5338.78 27753941 2024-04-19 16:19:17
52wk High4515.6352wk High Date2018-01-29
52wk Low3501.4952wk Low Date2018-10-25
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