Index Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
S&P 500 - Pharmaceuticals (Industry) (CME:SP500-352020)
Sidelines Mode (+55) - SP500-352020 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-352020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-352020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-352020
The long-term trend has been UP since May 5th, 2021 at 817.76
The intermediate-term trend has been UP since Jun 10th, 2021 at 842.00
The short-term trend has been DOWN since Jun 16th, 2021 at 833.32
Smart Scan Analysis for SP500-352020
Based on our trend formula, SP500-352020 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||718.21||52wk High Date||2018-11-29|
|52wk Low||577.41||52wk Low Date||2018-05-03|