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Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

S&P 600 Industrial Machinery (Sub Ind) (CME:SP600-20106020)

Countertrend Up (+85) - SP600-20106020 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP600-20106020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-20106020.

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

CME_SP600-20106020
Open High Low SP600-20106020 Price Change
1829.10 1832.53 1814.93 1832.53 +16.27
Entry Signal

MarketClub’s Trade Triangles for SP600-20106020

long term up The long-term trend has been UP since Dec 13th, 2023 at 1609.08

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 1805.54

short term down The short-term trend has been DOWN since May 22nd, 2024 at 1828.92

Smart Scan Analysis for SP600-20106020

Based on our trend formula, SP600-20106020 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP600-20106020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1829.10 1832.53 1814.93 1832.53 +16.27
Prev. Close Volume Bid Ask Time
1832.53 3801029 2024-05-24 16:19:56
52wk High1231.6652wk High Date2018-09-21
52wk Low962.5152wk Low Date2018-10-29
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