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Index Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

S&P Global BMI (US Dollar) (CME:SBBMGLU)

Countertrend Up (+85) - SBBMGLU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_SBBMGLU
Open High Low SBBMGLU Price Change
408.82 408.98 408.68 408.91 +0.10
Entry Signal

MarketClub’s Trade Triangles for SBBMGLU

long term up The long-term trend has been UP since Aug 26th, 2024 at 401.63

intermediate term up The intermediate-term trend has been UP since Nov 7th, 2024 at 413.24

short term down The short-term trend has been DOWN since Nov 12th, 2024 at 415.24

Smart Scan Analysis for SBBMGLU

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

+85
Smart Scan Analysis for SBBMGLU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
408.82 408.98 408.68 408.91 +0.10
Prev. Close Volume Bid Ask Time
408.81 0 2024-11-20 03:14:15
52wk High274.6952wk High Date2018-01-29
52wk Low233.452wk Low Date2018-10-29
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