Index Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
Ned Davis Research CMG US Large Cap Long/Flat Index Price Return (CME:NCLFPR)
Sidelines Mode (-55) - NCLFPR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NCLFPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NCLFPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NCLFPR
The long-term trend has been DOWN since Jan 24th, 2022 at 183772.95
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 172137.00
The short-term trend has been UP since Sep 27th, 2022 at 155403.00
Smart Scan Analysis for NCLFPR
Based on our trend formula, NCLFPR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).