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Index Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Countertrend Up (+85) - SP500-50 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 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 Oct 29th, 2024 at 322.63
The intermediate-term trend has been UP since Sep 19th, 2024 at 304.79
The short-term trend has been DOWN since Nov 14th, 2024 at 331.34
Smart Scan Analysis for SP500-50
Based on our trend formula, SP500-50 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 326.25 | 332.27 | 326.10 | 331.71 | +3.39 |
| Prev. Close | Volume | Bid | Ask | Time |
| 331.71 | 195259771 | 2024-11-19 16:55:28 |
| 52wk High | 169.66 | 52wk High Date | 2018-02-01 |
| 52wk Low | 140.34 | 52wk Low Date | 2018-05-09 |