Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

S&P 500 Telecommunication Services (Industry Group) (CME:SP500-5010)

Countertrend Up (+85) - SP500-5010 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 SP500-5010?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-5010.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP500-5010
Open High Low SP500-5010 Price Change
124.32 124.58 123.84 124.28 +0.04
Entry Signal

MarketClub’s Trade Triangles for SP500-5010

long term up The long-term trend has been UP since Nov 1st, 2023 at 109.54

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 125.05

short term down The short-term trend has been DOWN since May 16th, 2024 at 123.91

Smart Scan Analysis for SP500-5010

Based on our trend formula, SP500-5010 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SP500-5010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.32 124.58 123.84 124.28 +0.04
Prev. Close Volume Bid Ask Time
124.28 42646361 2024-05-17 16:19:38
52wk High169.5152wk High Date2018-02-01
52wk Low140.3652wk Low Date2018-05-09
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