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Index Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

S&P 500 Banks (Industry Group) (CME:SP500-4010)

Sidelines Mode (+55) - SP500-4010 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 SP500-4010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-4010.

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

CME_SP500-4010
Open High Low SP500-4010 Price Change
391.71 397.23 390.99 396.50 +4.42
Entry Signal

MarketClub’s Trade Triangles for SP500-4010

long term up The long-term trend has been UP since Dec 1st, 2023 at 316.65

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 392.85

short term up The short-term trend has been UP since Jun 18th, 2024 at 392.30

Smart Scan Analysis for SP500-4010

Based on our trend formula, SP500-4010 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SP500-4010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
391.71 397.23 390.99 396.50 +4.42
Prev. Close Volume Bid Ask Time
396.50 136860751 2024-06-18 16:19:38
52wk High374.2952wk High Date2018-01-29
52wk Low303.5152wk Low Date2018-10-24
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