Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
S&P 600 Food & Staples Retailing (Industry Group) (CME:SP600-3010)
Bull Market Weakness (+75) - SP600-3010 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP600-3010 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP600-3010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-3010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-3010
The long-term trend has been UP since Jun 1st, 2020 at 542.60
The intermediate-term trend has been UP since Oct 9th, 2020 at 581.93
The short-term trend has been DOWN since Oct 22nd, 2020 at 607.83
Smart Scan Analysis for SP600-3010
Based on our trend formula, SP600-3010 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||987.52||52wk High Date||2018-08-09|
|52wk Low||616.15||52wk Low Date||2018-05-08|