Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
S&P 500 Investment Grade Corporate Bond Index (CME:SP5IGBIT)
Weak Downtrend (-65) - SP5IGBIT is showing signs of a strengthening downtrend. Monitor SP5IGBIT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP5IGBIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP5IGBIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP5IGBIT
The long-term trend has been DOWN since Mar 13th, 2020 at 454.30
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 468.99
The short-term trend has been UP since Mar 25th, 2020 at 427.22
Smart Scan Analysis for SP5IGBIT
Based on our trend formula, SP5IGBIT is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).