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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.
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MarketClub’s Trade Triangles for SP500EW
The long-term trend has been UP since Jun 5th, 2020 at 4415.94
The intermediate-term trend has been UP since Jul 29th, 2021 at 6195.45
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).
| 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 High | 4394.31 | 52wk High Date | 2018-09-21 |
| 52wk Low | 3846.11 | 52wk Low Date | 2018-02-09 |