Index Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
S&P GLOBAL 1200 - Consumer Discretionary (Sector ) (CME:SPG1200-25)
Bear Market Rally (-75) - SPG1200-25 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPG1200-25 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPG1200-25?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPG1200-25.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPG1200-25
The long-term trend has been DOWN since Sep 30th, 2022 at 3699.50
The intermediate-term trend has been DOWN since Aug 22nd, 2022 at 4260.50
The short-term trend has been UP since Oct 4th, 2022 at 3867.34
Smart Scan Analysis for SPG1200-25
Based on our trend formula, SPG1200-25 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3609.09||52wk High Date||2018-09-21|
|52wk Low||3068.29||52wk Low Date||2018-11-20|