Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
S&P 500 Electric Utilities (Industry) (CME:SP500-551010)
Bull Market Weakness (+75) - SP500-551010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-551010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500-551010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-551010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-551010
The long-term trend has been UP since Sep 3rd, 2019 at 348.56
The intermediate-term trend has been UP since Dec 5th, 2019 at 353.65
The short-term trend has been DOWN since Feb 20th, 2020 at 397.57
Smart Scan Analysis for SP500-551010
Based on our trend formula, SP500-551010 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||318.49||52wk High Date||2017-12-01|
|52wk Low||264.54||52wk Low Date||2018-02-06|