Index Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
S&P 100 Equal Weight Price Return (USD) Index (CME:SPOEXEUP)
Countertrend Down (-85) - SPOEXEUP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPOEXEUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPOEXEUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPOEXEUP
The long-term trend has been DOWN since Jan 24th, 2022 at 3678.35
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 3399.01
The short-term trend has been UP since Jun 22nd, 2022 at 3304.24
Smart Scan Analysis for SPOEXEUP
Based on our trend formula, SPOEXEUP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).