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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.
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MarketClub’s Trade Triangles for SP500-401010
The long-term trend has been DOWN since Jan 24th, 2022 at 568.96
The intermediate-term trend has been DOWN since Feb 24th, 2022 at 593.32
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).
| 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 High | 534.73 | 52wk High Date | 2018-01-29 |
| 52wk Low | 433.61 | 52wk Low Date | 2018-10-24 |