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Index Trend Analysis Report

Prepared for you on Thursday, August 5, 2021.

S&P 500 EQUAL WEIGHTED (CME:SP500EW)

Countertrend Up (+85) - SP500EW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP500EW?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500EW.

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

CME_SP500EW
Open High Low SP500EW Price Change
6183.37 6220.78 6183.37 6217.53 +34.16
Entry Signal

MarketClub’s Trade Triangles for SP500EW

long term up The long-term trend has been UP since Jun 5th, 2020 at 4415.94

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2021 at 6195.45

short term down The short-term trend has been DOWN since Aug 3rd, 2021 at 6169.06

Smart Scan Analysis for SP500EW

Based on our trend formula, SP500EW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500EW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6183.37 6220.78 6183.37 6217.53 +34.16
Prev. Close Volume Bid Ask Time
6183.37 0 2021-08-05 09:41:25
52wk High4394.3152wk High Date2018-09-21
52wk Low3846.1152wk Low Date2018-02-09
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