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Index Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Long-Term Uptrend (+90) - SP500-50 is in a strong uptrend that is likely to continue. While SP500-50 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 SP500-50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP500-50
The long-term trend has been UP since Nov 14th, 2023 at 235.17
The intermediate-term trend has been UP since May 7th, 2024 at 292.42
The short-term trend has been UP since Apr 26th, 2024 at 288.73
Smart Scan Analysis for SP500-50
Based on our trend formula, SP500-50 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 289.10 | 293.17 | 289.10 | 291.65 | -0.49 |
| Prev. Close | Volume | Bid | Ask | Time |
| 291.65 | 214158209 | 2024-05-08 17:00:39 |
| 52wk High | 169.66 | 52wk High Date | 2018-02-01 |
| 52wk Low | 140.34 | 52wk Low Date | 2018-05-09 |