Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

S&P 500 Utilities (Sector) (CME:SP500-55)

Bull Market Weakness (+75) - SP500-55 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-55 as it may be in the beginning stages of a reversal.

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.

CME_SP500-55
Open High Low SP500-55 Price Change
361.91 363.43 360.47 361.17 -0.43
Entry Signal

MarketClub’s Trade Triangles for SP500-55

long term up The long-term trend has been UP since Apr 4th, 2024 at 333.91

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 335.45

short term down The short-term trend has been DOWN since May 22nd, 2024 at 363.92

Smart Scan Analysis for SP500-55

Based on our trend formula, SP500-55 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SP500-55
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
361.91 363.43 360.47 361.17 -0.43
Prev. Close Volume Bid Ask Time
361.60 103901636 2024-05-28 17:20:42
52wk High286.9952wk High Date2017-12-01
52wk Low240.3752wk Low Date2018-02-06
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