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Index Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
SGI US Momentum Index (CME:SGEPMBU)
Long-Term Downtrend (-90) - SGEPMBU is in a strong downtrend that is likely to continue. While SGEPMBU is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGEPMBU?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGEPMBU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGEPMBU
The long-term trend has been DOWN since May 20th, 2022 at 5729.65
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 6286.33
The short-term trend has been DOWN since Jun 30th, 2022 at 5585.06
Smart Scan Analysis for SGEPMBU
Based on our trend formula, SGEPMBU is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5654.99 | 5654.99 | 5454.41 | 5557.12 | -98.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5557.12 | 0 | 2022-07-05 16:20:00 |