Index Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
S&P 600 Machinery (Industry) (CME:SP600-201060)
Countertrend Down (-85) - SP600-201060 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 SP600-201060?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-201060.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-201060
The long-term trend has been DOWN since Feb 25th, 2020 at 1114.10
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 1181.57
The short-term trend has been UP since Mar 24th, 2020 at 731.02
Smart Scan Analysis for SP600-201060
Based on our trend formula, SP600-201060 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1340.69||52wk High Date||2018-09-21|
|52wk Low||1047.26||52wk Low Date||2018-10-29|