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Index Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

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

Sidelines Mode (-55) - SP400-50 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 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.

Open High Low SP400-50 Price Change
115.52 115.96 115.00 115.01 +1.33
Entry Signal

MarketClub’s Trade Triangles for SP400-50

long term up The long-term trend has been UP since Jun 3rd, 2024 at 118.59

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 114.17

short term up The short-term trend has been UP since Jun 12th, 2024 at 115.67

Smart Scan Analysis for SP400-50

Based on our trend formula, SP400-50 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SP400-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
115.52 115.96 115.00 115.01 +1.33
Prev. Close Volume Bid Ask Time
113.68 3649743 2024-06-12 13:26:44
52wk High167.7552wk High Date2018-11-07
52wk Low125.1652wk Low Date2018-02-09
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