Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P 600 Paper & Forest Products (Industry) (CME:SP600-151050)
Long-Term Uptrend (+90) - SP600-151050 is in a strong uptrend that is likely to continue. While SP600-151050 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 SP600-151050?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-151050.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-151050
The long-term trend has been UP since Dec 4th, 2020 at 536.08
The intermediate-term trend has been UP since May 4th, 2021 at 664.85
The short-term trend has been UP since May 3rd, 2021 at 651.68
Smart Scan Analysis for SP600-151050
Based on our trend formula, SP600-151050 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||670.86||52wk High Date||2018-01-29|
|52wk Low||457.71||52wk Low Date||2018-11-28|