Index Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
S&P 600 Chemicals (Industry) (CME:SP600-151010)
Countertrend Down (-85) - SP600-151010 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 SP600-151010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-151010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-151010
The long-term trend has been DOWN since Sep 11th, 2023 at 386.92
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 422.37
The short-term trend has been UP since Sep 28th, 2023 at 373.70
Smart Scan Analysis for SP600-151010
Based on our trend formula, SP600-151010 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||400.88||52wk High Date||2018-09-21|
|52wk Low||308.47||52wk Low Date||2018-02-09|