Index Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
S&P SmallCap 600 High Beta Index TR (CME:SP6HBIT)
Bear Market Rally (-75) - SP6HBIT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SP6HBIT as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SP6HBIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP6HBIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP6HBIT
The long-term trend has been DOWN since May 9th, 2022 at 6863.13
The intermediate-term trend has been DOWN since Jun 16th, 2022 at 6406.44
The short-term trend has been UP since Jun 24th, 2022 at 6405.95
Smart Scan Analysis for SP6HBIT
Based on our trend formula, SP6HBIT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).