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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

S&P GSCI Soybean Meal Dynamic Roll ER (CME:SPDYSMP)

Strong Downtrend (-100) - SPDYSMP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPDYSMP continues to fall. Traders should use caution and set stops.

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

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

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

CME_SPDYSMP
Open High Low SPDYSMP Price Change
1069.04 1072.58 1066.47 1068.72 -0.32
Entry Signal

MarketClub’s Trade Triangles for SPDYSMP

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 1105.12

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 1305.23

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 1070.65

Smart Scan Analysis for SPDYSMP

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

-100
Smart Scan Analysis for SPDYSMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1069.04 1072.58 1066.47 1068.72 -0.32
Prev. Close Volume Bid Ask Time
1069.04 0 2024-03-19 04:37:18
52wk High950.144952wk High Date2018-05-01
52wk Low728.480852wk Low Date2018-11-26
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