Future Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
USD-DENOMINATED IBOVESPA Apr 2021 (CME:IBV.J21)
Bull Market Weakness (+75) - IBV.J21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IBV.J21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IBV.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBV.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IBV.J21
The long-term trend has been DOWN since Feb 17th, 2021 at 119485
The intermediate-term trend has been UP since Mar 17th, 2021 at 115950
The short-term trend has been UP since Mar 29th, 2021 at 114960
Smart Scan Analysis for IBV.J21
Based on our trend formula, IBV.J21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).