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Index Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

S&P Composite 1500 Telecommunication Services (Sector) (CME:SP1500-50)

Sidelines Mode (+55) - SP1500-50 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SP1500-50?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-50.

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

CME_SP1500-50
Open High Low SP1500-50 Price Change
304.50 307.66 304.03 304.71 -2.23
Entry Signal

MarketClub’s Trade Triangles for SP1500-50

long term up The long-term trend has been UP since Nov 14th, 2023 at 231.59

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 286.79

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 311.86

Smart Scan Analysis for SP1500-50

Based on our trend formula, SP1500-50 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SP1500-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
304.50 307.66 304.03 304.71 -2.23
Prev. Close Volume Bid Ask Time
304.71 228649869 2024-07-12 16:19:04
52wk High168.6652wk High Date2018-02-01
52wk Low140.0652wk Low Date2018-05-09
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