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Index Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

S&P 500 Telecommunication Services (Sector) (CME:SP500-50)

Weak Downtrend (-65) - SP500-50 is showing signs of a strengthening downtrend. Monitor SP500-50 as it may be building momentum to the downside.

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.

CME_SP500-50
Open High Low SP500-50 Price Change
284.83 284.83 278.41 280.48 -5.82
Entry Signal

MarketClub’s Trade Triangles for SP500-50

long term up The long-term trend has been UP since Nov 14th, 2023 at 235.17

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 282.80

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 288.31

Smart Scan Analysis for SP500-50

Based on our trend formula, SP500-50 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SP500-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
284.83 284.83 278.41 280.48 -5.82
Prev. Close Volume Bid Ask Time
280.48 296100048 2024-04-19 16:19:17
52wk High169.6652wk High Date2018-02-01
52wk Low140.3452wk Low Date2018-05-09
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