Index Trend Analysis Report

Prepared for you on Sunday, May 19, 2024.

S&P 500 Capped 35/20 Materials Index NTR (CME:SPSVMN)

Countertrend Up (+85) - SPSVMN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

Open	High	Low	SPSVMN Price	Change
536.02	540.66	536.02	540.57	+4.55
Entry Signal

MarketClub’s Trade Triangles for SPSVMN

The long-term trend has been UP since Dec 13th, 2023 at 487.60

The intermediate-term trend has been UP since May 7th, 2024 at 535.01

The short-term trend has been DOWN since May 16th, 2024 at 537.27

Smart Scan Analysis for SPSVMN

Based on our trend formula, SPSVMN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
536.02	540.66	536.02	540.57	+4.55
Prev. Close	Volume	Bid	Ask	Time
540.57	0			2024-05-17 16:19:27

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