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Index Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

S&P 500 Quality, Value & Momentum Multi-factor Index (GBP) (CME:SPXQVMGP)

Long-Term Uptrend (+90) - SPXQVMGP is in a strong uptrend that is likely to continue. While SPXQVMGP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

CME_SPXQVMGP
Open High Low SPXQVMGP Price Change
28994.47 29123.14 28994.47 29046.33 +43.86
Entry Signal

MarketClub’s Trade Triangles for SPXQVMGP

long term up The long-term trend has been UP since Aug 1st, 2023 at 23855.81

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 29052.95

short term up The short-term trend has been UP since May 15th, 2024 at 29052.95

Smart Scan Analysis for SPXQVMGP

Based on our trend formula, SPXQVMGP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SPXQVMGP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28994.47 29123.14 28994.47 29046.33 +43.86
Prev. Close Volume Bid Ask Time
29002.47 0 2024-05-20 16:20:01
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