Index Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
S&P 500 Oil-hedged Index (CME:SP500OILH)
Sidelines Mode (+55) - SP500OILH 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 SP500OILH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500OILH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500OILH
The long-term trend has been UP since Jan 12th, 2022 at 9614.73
The intermediate-term trend has been DOWN since Jun 16th, 2022 at 11628.78
The short-term trend has been UP since Jun 24th, 2022 at 11819.85
Smart Scan Analysis for SP500OILH
Based on our trend formula, SP500OILH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10142.55||52wk High Date||2018-10-03|
|52wk Low||5969.32||52wk Low Date||2018-11-23|