Index Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
S&P 600 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP600-3520)
Strong Downtrend (-100) - SP600-3520 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP600-3520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-3520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-3520
The long-term trend has been DOWN since May 6th, 2021 at 5364.81
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 5503.19
The short-term trend has been DOWN since Oct 27th, 2021 at 5590.81
Smart Scan Analysis for SP600-3520
Based on our trend formula, SP600-3520 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4678.5||52wk High Date||2018-08-30|
|52wk Low||2807.6||52wk Low Date||2017-12-06|