Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
S&P 500 Water Utilities (Sub Ind) (CME:SP500-55104010)
Bull Market Weakness (+75) - SP500-55104010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500-55104010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500-55104010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-55104010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-55104010
The long-term trend has been UP since Jul 13th, 2020 at 197.58
The intermediate-term trend has been UP since Sep 28th, 2020 at 214.23
The short-term trend has been DOWN since Oct 20th, 2020 at 226.22
Smart Scan Analysis for SP500-55104010
Based on our trend formula, SP500-55104010 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||139.1||52wk High Date||2018-11-19|
|52wk Low||112.02||52wk Low Date||2018-02-08|