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Index Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

S&P 500 Telecommunication Services (Industry Group) (CME:SP500-5010)

Weak Downtrend (-65) - SP500-5010 is showing signs of a strengthening downtrend. Monitor SP500-5010 as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SP500-5010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-5010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-5010
Open High Low SP500-5010 Price Change
122.07 122.47 120.25 120.87 -0.68
Entry Signal

MarketClub’s Trade Triangles for SP500-5010

long term up The long-term trend has been UP since Nov 1st, 2023 at 109.54

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 121.42

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 119.64

Smart Scan Analysis for SP500-5010

Based on our trend formula, SP500-5010 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SP500-5010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
122.07 122.47 120.25 120.87 -0.68
Prev. Close Volume Bid Ask Time
121.55 40792370 2024-04-24 11:43:08
52wk High169.5152wk High Date2018-02-01
52wk Low140.3652wk Low Date2018-05-09
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