Index Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
S&P 600 Materials (Sector) (CME:SP600-15)
Countertrend Down (-85) - SP600-15 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 SP600-15?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-15.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-15
The long-term trend has been DOWN since May 9th, 2022 at 641.09
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 646.36
The short-term trend has been UP since Jun 24th, 2022 at 604.14
Smart Scan Analysis for SP600-15
Based on our trend formula, SP600-15 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||578.79||52wk High Date||2018-09-21|
|52wk Low||453.75||52wk Low Date||2018-11-28|