Index Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
S&P 500 - Biotechnology (Sub Ind) (CME:SP500-35201010)
Countertrend Up (+85) - SP500-35201010 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 SP500-35201010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-35201010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-35201010
The long-term trend has been UP since Apr 14th, 2020 at 4306.35
The intermediate-term trend has been UP since Jun 19th, 2020 at 4623.42
The short-term trend has been DOWN since Jul 8th, 2020 at 4721.42
Smart Scan Analysis for SP500-35201010
Based on our trend formula, SP500-35201010 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4515.63||52wk High Date||2018-01-29|
|52wk Low||3501.49||52wk Low Date||2018-10-25|