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Index Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

S&P 500 (CME:SP500)

Sidelines Mode (+55) - SP500 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?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low SP500 Price Change
4284.52 4300.58 4260.21 4288.39 +0.34
Entry Signal

MarketClub’s Trade Triangles for SP500

long term up The long-term trend has been UP since Feb 1st, 2023 at 4100.96

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 4414.98

short term up The short-term trend has been UP since Sep 29th, 2023 at 4317.27

Smart Scan Analysis for SP500

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

Smart Scan Analysis for SP500
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4284.52 4300.58 4260.21 4288.39 +0.34
Prev. Close Volume Bid Ask Time
4288.05 0 2023-10-02 16:19:33
52wk High2940.9152wk High Date2018-09-21
52wk Low2532.6952wk Low Date2018-02-09
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