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Index Trend Analysis Report

Prepared for you on Thursday, October 3, 2024.

S&P 500 Software (Industry) (CME:SP500-451030)

Bear Market Rally (-75) - SP500-451030 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-451030 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SP500-451030?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-451030.

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

CME_SP500-451030
Open High Low SP500-451030 Price Change
6838.28 6848.69 6794.28 6820.21 -6.41
Entry Signal

MarketClub’s Trade Triangles for SP500-451030

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 6251.33

intermediate term up The intermediate-term trend has been UP since Sep 12th, 2024 at 6905.18

short term down The short-term trend has been DOWN since Sep 24th, 2024 at 6997.14

Smart Scan Analysis for SP500-451030

Based on our trend formula, SP500-451030 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SP500-451030
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6838.28 6848.69 6794.28 6820.21 -6.41
Prev. Close Volume Bid Ask Time
6820.21 82428917 2024-10-02 16:19:23
52wk High2180.1952wk High Date2018-10-01
52wk Low1549.0452wk Low Date2017-12-06
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