Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
S&P 600 Oil, Gas & Consumable Fuels (Industry) (CME:SP600-101020)
Countertrend Down (-85) - SP600-101020 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SP600-101020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-101020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-101020
The long-term trend has been DOWN since Jan 24th, 2020 at 193.49
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 233.47
The short-term trend has been UP since Feb 19th, 2020 at 184.40
Smart Scan Analysis for SP600-101020
Based on our trend formula, SP600-101020 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||735.77||52wk High Date||2018-05-22|
|52wk Low||419.9||52wk Low Date||2018-11-28|