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Index Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
S&P Aerospace & Defense Select Industry Index (Net TR) (CME:SPSIADN)
Long-Term Downtrend (-90) - SPSIADN is in a strong downtrend that is likely to continue. While SPSIADN 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 SPSIADN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIADN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPSIADN
The long-term trend has been DOWN since May 9th, 2022 at 19386.22
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 18270.36
The short-term trend has been DOWN since Jun 29th, 2022 at 17848.11
Smart Scan Analysis for SPSIADN
Based on our trend formula, SPSIADN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18182.76 | 18182.76 | 17673.73 | 17939.85 | -242.91 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18182.76 | 0 | 2022-06-29 16:19:51 |