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Index Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

S&P Mid-East and Africa Under USD2 Billion (US Dollar) (CME:SPCRU2BRMEUSD)

Long-Term Uptrend (+90) - SPCRU2BRMEUSD is in a strong uptrend that is likely to continue. While SPCRU2BRMEUSD 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 SPCRU2BRMEUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPCRU2BRMEUSD.

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

CME_SPCRU2BRMEUSD
Open High Low SPCRU2BRMEUSD Price Change
237.43 239.01 237.32 238.07 +0.64
Entry Signal

MarketClub’s Trade Triangles for SPCRU2BRMEUSD

long term up The long-term trend has been UP since Dec 14th, 2023 at 220.34

intermediate term up The intermediate-term trend has been UP since May 1st, 2024 at 237.01

short term up The short-term trend has been UP since Apr 29th, 2024 at 232.35

Smart Scan Analysis for SPCRU2BRMEUSD

Based on our trend formula, SPCRU2BRMEUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SPCRU2BRMEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
237.43 239.01 237.32 238.07 +0.64
Prev. Close Volume Bid Ask Time
238.12 0 2024-05-03 13:00:04
52wk High267.952wk High Date2018-02-26
52wk Low184.8152wk Low Date2018-10-11
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