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Index Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

S&P Total Market Index (TMI) Utilities (US Dollar) (CME:SPTMUTUP)

Countertrend Down (-85) - SPTMUTUP 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 SPTMUTUP?

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

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

CME_SPTMUTUP
Open High Low SPTMUTUP Price Change
2713.71 2720.86 2696.97 2705.44 +0.90
Entry Signal

MarketClub’s Trade Triangles for SPTMUTUP

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 2709.57

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2023 at 2829.09

short term up The short-term trend has been UP since Jun 2nd, 2023 at 2696.80

Smart Scan Analysis for SPTMUTUP

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

-85
Smart Scan Analysis for SPTMUTUP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2713.71 2720.86 2696.97 2705.44 +0.90
Prev. Close Volume Bid Ask Time
2704.54 0 2023-06-06 16:19:53
52wk High2669.3452wk High Date2017-12-06
52wk Low1999.8352wk Low Date2018-02-06
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