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Index Trend Analysis Report
Prepared for you on Monday, June 27, 2022.
S&P Insurance Select Industry Index (TR) (CME:SPSIINST)
Countertrend Down (-85) - SPSIINST 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 SPSIINST?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIINST.
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 SPSIINST
The long-term trend has been DOWN since May 12th, 2022 at 4967.47
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 5006.78
The short-term trend has been UP since Jun 22nd, 2022 at 4913.30
Smart Scan Analysis for SPSIINST
Based on our trend formula, SPSIINST is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5094.47 | 5113.60 | 5065.69 | 5091.65 | -2.82 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5094.47 | 0 | 2022-06-27 17:12:15 |