Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
S&P 600 General Merchandise Stores (Sub Ind) (CME:SP600-25503020)
Strong Downtrend (-100) - SP600-25503020 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SP600-25503020 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP600-25503020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-25503020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-25503020
The long-term trend has been DOWN since Jul 16th, 2021 at 166.63
The intermediate-term trend has been DOWN since Jan 18th, 2022 at 119.60
The short-term trend has been DOWN since Jan 10th, 2022 at 132.26
Smart Scan Analysis for SP600-25503020
Based on our trend formula, SP600-25503020 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).