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Index Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

S&P 400 Telecommunication Services (Sector) (CME:SP400-50)

Countertrend Down (-85) - SP400-50 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SP400-50?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-50.

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

CME_SP400-50
Open High Low SP400-50 Price Change
170.96 173.15 170.96 172.20 +1.24
Entry Signal

MarketClub’s Trade Triangles for SP400-50

long term down The long-term trend has been DOWN since Nov 23rd, 2021 at 171.33

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 179.68

short term up The short-term trend has been UP since Dec 6th, 2021 at 169.93

Smart Scan Analysis for SP400-50

Based on our trend formula, SP400-50 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP400-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
170.96 173.15 170.96 172.20 +1.24
Prev. Close Volume Bid Ask Time
170.96 7688746 2021-12-08 16:20:02
52wk High167.7552wk High Date2018-11-07
52wk Low125.1652wk Low Date2018-02-09
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