Index Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
S&P 600 Communications Equipment (Sub Ind) (CME:SP600-45201020)
Bull Market Weakness (+75) - SP600-45201020 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SP600-45201020 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SP600-45201020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-45201020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-45201020
The long-term trend has been DOWN since Sep 25th, 2020 at 56.57
The intermediate-term trend has been UP since Oct 5th, 2020 at 61.02
The short-term trend has been UP since Oct 19th, 2020 at 65.60
Smart Scan Analysis for SP600-45201020
Based on our trend formula, SP600-45201020 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||82.81||52wk High Date||2018-08-29|
|52wk Low||65.63||52wk Low Date||2018-10-29|