Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
S&P 500 Investment Banking & Brokerage (Sub Ind) (CME:SP500-40203020)
Countertrend Up (+85) - SP500-40203020 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 SP500-40203020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-40203020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-40203020
The long-term trend has been UP since Jun 4th, 2020 at 146.35
The intermediate-term trend has been UP since Jul 13th, 2020 at 141.65
The short-term trend has been UP since Aug 4th, 2020 at 138.24
Smart Scan Analysis for SP500-40203020
Based on our trend formula, SP500-40203020 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||189.98||52wk High Date||2018-03-12|
|52wk Low||138.65||52wk Low Date||2018-11-20|