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Index Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

S&P 600 Steel (Sub Ind) (CME:SP600-15104050)

Long-Term Uptrend (+90) - SP600-15104050 is in a strong uptrend that is likely to continue. While SP600-15104050 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SP600-15104050?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-15104050.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP600-15104050
Open High Low SP600-15104050 Price Change
445.61 455.10 443.46 452.66 +11.44
Entry Signal

MarketClub’s Trade Triangles for SP600-15104050

long term up The long-term trend has been UP since Nov 14th, 2023 at 317.94

intermediate term up The intermediate-term trend has been UP since Jul 1st, 2024 at 413.06

short term up The short-term trend has been UP since Jul 23rd, 2024 at 432.65

Smart Scan Analysis for SP600-15104050

Based on our trend formula, SP600-15104050 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SP600-15104050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
445.61 455.10 443.46 452.66 +11.44
Prev. Close Volume Bid Ask Time
441.22 4660235 2024-07-26 16:19:56
52wk High235.0752wk High Date2018-01-17
52wk Low136.6552wk Low Date2018-11-28
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