Index Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Crossroads (-60) - SP500-50 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 2nd, 2020 at 183.21
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 278.84
The short-term trend has been DOWN since Oct 22nd, 2021 at 273.22
Smart Scan Analysis for SP500-50
Based on our trend formula, SP500-50 is rated as a -60 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|