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Index Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

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

Sidelines Mode (+55) - SP500-55TR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

CME_SP500-55TR
Open High Low SP500-55TR Price Change
990.12 990.12 978.19 988.19 -1.93
Entry Signal

MarketClub’s Trade Triangles for SP500-55TR

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 989.78

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2023 at 997.01

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 999.80

Smart Scan Analysis for SP500-55TR

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

+55
Smart Scan Analysis for SP500-55TR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
990.12 990.12 978.19 988.19 -1.93
Prev. Close Volume Bid Ask Time
990.12 0 2023-09-25 17:22:30
52wk High740.1552wk High Date2018-11-20
52wk Low613.352wk Low Date2018-02-06
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