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Index Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

SPDR S&P 500 ETF Trust (GIF:SPY)

Countertrend Up (+85) - SPY 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 SPY?

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

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

GIF_SPY
Open High Low SPY Price Change
344.50 345.76 343.22 345.69 +1.19
Entry Signal

MarketClub’s Trade Triangles for SPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 313.55

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2020 at 342.99

short term down The short-term trend has been DOWN since Oct 15th, 2020 at 343.75

Smart Scan Analysis for SPY

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

+85
Smart Scan Analysis for SPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
344.50 345.76 343.22 345.69 +1.19
Prev. Close Volume Bid Ask Time
340.23 0 2020-10-23 19:01:50
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