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Index Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

S&P 500 Banks (Industry) (CME:SP500-401010)

Countertrend Down (-85) - SP500-401010 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SP500-401010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-401010.

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

CME_SP500-401010
Open High Low SP500-401010 Price Change
491.30 494.60 483.30 483.33 -9.71
Entry Signal

MarketClub’s Trade Triangles for SP500-401010

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 568.96

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2022 at 593.32

short term up The short-term trend has been UP since May 23rd, 2022 at 485.62

Smart Scan Analysis for SP500-401010

Based on our trend formula, SP500-401010 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP500-401010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
491.30 494.60 483.30 483.33 -9.71
Prev. Close Volume Bid Ask Time
493.04 42416119 2022-05-24 10:45:38
52wk High534.7352wk High Date2018-01-29
52wk Low433.6152wk Low Date2018-10-24
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