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Index Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

S&P 500 Telecommunication Services (Sector) (CME:SP500-50)

Crossroads (-60) - SP500-50 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

CME_SP500-50
Open High Low SP500-50 Price Change
306.37 306.58 300.79 302.45 -0.88
Entry Signal

MarketClub’s Trade Triangles for SP500-50

long term up The long-term trend has been UP since Nov 14th, 2023 at 235.17

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 305.86

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 318.35

Smart Scan Analysis for SP500-50

Based on our trend formula, SP500-50 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SP500-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
306.37 306.58 300.79 302.45 -0.88
Prev. Close Volume Bid Ask Time
302.45 240270778 2024-07-18 16:19:27
52wk High169.6652wk High Date2018-02-01
52wk Low140.3452wk Low Date2018-05-09
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