Index Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
S&P 600 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP600-3520)
Bear Market Rally (-75) - SP600-3520 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP600-3520 as it may be in the beginning of a reversal.
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 May 4th, 2021 at 5592.26
The short-term trend has been UP since May 14th, 2021 at 5353.10
Smart Scan Analysis for SP600-3520
Based on our trend formula, SP600-3520 is rated as a -75 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|