Index Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
S&P 500 Buyback PE Index (CME:SPBUYPUP)
Weak Downtrend (-65) - SPBUYPUP is showing signs of a strengthening downtrend. Monitor SPBUYPUP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPBUYPUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBUYPUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBUYPUP
The long-term trend has been UP since Jun 5th, 2020 at 32005.00
The intermediate-term trend has been DOWN since Sep 21st, 2020 at 30141.34
The short-term trend has been DOWN since Sep 17th, 2020 at 30807.48
Smart Scan Analysis for SPBUYPUP
Based on our trend formula, SPBUYPUP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).