Index Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
S&P GLOBAL 1200 - Telecommunication Services (Sector ) (CME:SPG1200-50)
Bear Market Rally (-75) - SPG1200-50 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPG1200-50 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPG1200-50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPG1200-50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPG1200-50
The long-term trend has been DOWN since Oct 1st, 2021 at 1731.03
The intermediate-term trend has been DOWN since Aug 23rd, 2022 at 1276.58
The short-term trend has been UP since Oct 4th, 2022 at 1127.98
Smart Scan Analysis for SPG1200-50
Based on our trend formula, SPG1200-50 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1249.05||52wk High Date||2018-01-29|
|52wk Low||1023.9||52wk Low Date||2018-10-29|