Index Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
S&P 500 EQUAL WEIGHTED Utilities (Sector) (CME:SP500EW-55)
Bull Market Weakness (+75) - SP500EW-55 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP500EW-55 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP500EW-55?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500EW-55.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500EW-55
The long-term trend has been UP since Oct 6th, 2020 at 1575.65
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 1588.93
The short-term trend has been UP since Jan 13th, 2021 at 1566.81
Smart Scan Analysis for SP500EW-55
Based on our trend formula, SP500EW-55 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1469.54||52wk High Date||2017-12-01|
|52wk Low||1227.11||52wk Low Date||2018-02-06|