Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
S&P 500 Shariah Index (CME:SP500SH)
Countertrend Up (+85) - SP500SH 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 SP500SH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500SH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500SH
The long-term trend has been UP since Sep 12th, 2019 at 2732.84
The intermediate-term trend has been UP since Dec 12th, 2019 at 2865.35
The short-term trend has been DOWN since Feb 20th, 2020 at 3089.15
Smart Scan Analysis for SP500SH
Based on our trend formula, SP500SH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2644||52wk High Date||2018-10-03|
|52wk Low||2206.04||52wk Low Date||2018-02-09|