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Index Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

S&P Biotechnology Select Industry Index (CME:SPSIBI)

Bear Market Rally (-75) - SPSIBI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPSIBI as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SPSIBI?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIBI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPSIBI
Open High Low SPSIBI Price Change
10059.70 10181.59 9861.92 9912.68 -147.02
Entry Signal

MarketClub’s Trade Triangles for SPSIBI

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 10132.70

intermediate term up The intermediate-term trend has been UP since Apr 26th, 2021 at 10818.92

short term down The short-term trend has been DOWN since Apr 30th, 2021 at 10609.26

Smart Scan Analysis for SPSIBI

Based on our trend formula, SPSIBI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPSIBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10059.70 10181.59 9861.92 9912.68 -147.02
Prev. Close Volume Bid Ask Time
9912.68 0 2021-05-05 17:13:06
52wk High7896.4652wk High Date2018-06-21
52wk Low5756.2652wk Low Date2018-11-14
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