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Index Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

S&P Telecom Select Industry Index (CME:SPSITE)

Countertrend Down (-85) - SPSITE is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SPSITE?

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

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

CME_SPSITE
Open High Low SPSITE Price Change
733.80 754.31 733.80 748.47 +19.11
Entry Signal

MarketClub’s Trade Triangles for SPSITE

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 711.64

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2021 at 739.86

short term up The short-term trend has been UP since Dec 7th, 2021 at 732.84

Smart Scan Analysis for SPSITE

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

-85
Smart Scan Analysis for SPSITE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
733.80 754.31 733.80 748.47 +19.11
Prev. Close Volume Bid Ask Time
748.47 0 2021-12-07 16:19:56
52wk High585.9252wk High Date2018-08-30
52wk Low493.1752wk Low Date2018-02-09
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