Index Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
S&P 500 Utilities (Sector) (CME:SP500-55)
Long-Term Uptrend (+90) - SP500-55 is in a strong uptrend that is likely to continue. While SP500-55 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP500-55?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-55.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-55
The long-term trend has been UP since Mar 29th, 2021 at 326.46
The intermediate-term trend has been UP since Jul 13th, 2021 at 329.88
The short-term trend has been UP since Jul 15th, 2021 at 331.17
Smart Scan Analysis for SP500-55
Based on our trend formula, SP500-55 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||286.99||52wk High Date||2017-12-01|
|52wk Low||240.37||52wk Low Date||2018-02-06|