Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
S&P 500 Ex-Utilities (CME:SPXXUTIP)
Sidelines Mode (-55) - SPXXUTIP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPXXUTIP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXXUTIP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXXUTIP
The long-term trend has been DOWN since Jan 24th, 2022 at 4515.51
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 4660.68
The short-term trend has been UP since May 25th, 2022 at 4178.87
Smart Scan Analysis for SPXXUTIP
Based on our trend formula, SPXXUTIP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).