Index Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
S&P 500 Telecommunication Services (Sector) (CME:SP500-50)
Long-Term Uptrend (+90) - SP500-50 is in a strong uptrend that is likely to continue. While SP500-50 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Jan 20th, 2023 at 175.42
The intermediate-term trend has been UP since Jan 9th, 2023 at 165.72
The short-term trend has been UP since Jan 20th, 2023 at 171.98
Smart Scan Analysis for SP500-50
Based on our trend formula, SP500-50 is rated as a +90 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|