Index Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Countertrend Up (+85) - SP500-50 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP500-50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-50
The long-term trend has been UP since Jun 2nd, 2020 at 183.21
The intermediate-term trend has been UP since Jul 23rd, 2021 at 272.09
The short-term trend has been DOWN since Jul 30th, 2021 at 272.66
Smart Scan Analysis for SP500-50
Based on our trend formula, SP500-50 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||169.66||52wk High Date||2018-02-01|
|52wk Low||140.34||52wk Low Date||2018-05-09|