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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.

CME_SP500-50
Open High Low SP500-50 Price Change
274.51 274.95 272.40 273.30 -1.21
Entry Signal

MarketClub’s Trade Triangles for SP500-50

long term up The long-term trend has been UP since Jun 2nd, 2020 at 183.21

intermediate term up The intermediate-term trend has been UP since Jul 23rd, 2021 at 272.09

short term down 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).

+85
Smart Scan Analysis for SP500-50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
274.51 274.95 272.40 273.30 -1.21
Prev. Close Volume Bid Ask Time
273.30 184469448 2021-07-30 16:20:00
52wk High169.6652wk High Date2018-02-01
52wk Low140.3452wk Low Date2018-05-09
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