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.
MarketClub’s Trade Triangles for SP400-50
The long-term trend has been DOWN since Nov 23rd, 2021 at 171.33
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 179.68
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).
|52wk High||167.75||52wk High Date||2018-11-07|
|52wk Low||125.16||52wk Low Date||2018-02-09|