Index Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
S&P Banks Select Industry Index (CME:SPSIBK)
Bear Market Rally (-75) - SPSIBK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPSIBK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPSIBK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIBK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPSIBK
The long-term trend has been DOWN since Apr 4th, 2022 at 1124.33
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 997.22
The short-term trend has been UP since Jun 24th, 2022 at 977.19
Smart Scan Analysis for SPSIBK
Based on our trend formula, SPSIBK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1139.88||52wk High Date||2018-03-12|
|52wk Low||885.63||52wk Low Date||2018-10-24|