Index Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Long-Term Downtrend (-90) - SP500-50 is in a strong downtrend that is likely to continue. While SP500-50 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for SP500-50
The long-term trend has been DOWN since Feb 27th, 2020 at 171.82
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 182.84
The short-term trend has been DOWN since Apr 1st, 2020 at 145.35
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).
|52wk High||169.66||52wk High Date||2018-02-01|
|52wk Low||140.34||52wk Low Date||2018-05-09|