Index Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
S&P 500 PR Inverse Carry-Free Daily Index (TWD) (CME:SPXICT)
Weak Downtrend (-65) - SPXICT is showing signs of a strengthening downtrend. Monitor SPXICT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPXICT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXICT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXICT
The long-term trend has been UP since Feb 27th, 2020 at 146.67
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 154.49
The short-term trend has been DOWN since Apr 6th, 2020 at 158.10
Smart Scan Analysis for SPXICT
Based on our trend formula, SPXICT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).