Index Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
S&P 500 Utilities (Sector) (TR) (CME:SP500-55TR)
Bear Market Rally (-75) - SP500-55TR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP500-55TR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SP500-55TR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-55TR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-55TR
The long-term trend has been DOWN since Jun 14th, 2022 at 990.62
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1056.23
The short-term trend has been UP since Jun 22nd, 2022 at 996.38
Smart Scan Analysis for SP500-55TR
Based on our trend formula, SP500-55TR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||740.15||52wk High Date||2018-11-20|
|52wk Low||613.3||52wk Low Date||2018-02-06|