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.
MarketClub’s Trade Triangles for SPY
The long-term trend has been UP since Jun 5th, 2020 at 313.55
The intermediate-term trend has been UP since Oct 8th, 2020 at 342.99
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).