Index Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
S&P SmallCap 600 Quality (CME:SP6QUP)
Long-Term Downtrend (-90) - SP6QUP is in a strong downtrend that is likely to continue. While SP6QUP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP6QUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP6QUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP6QUP
The long-term trend has been DOWN since Jan 21st, 2022 at 2935.46
The intermediate-term trend has been DOWN since Apr 4th, 2022 at 2878.84
The short-term trend has been DOWN since May 19th, 2022 at 2578.91
Smart Scan Analysis for SP6QUP
Based on our trend formula, SP6QUP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).