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Index Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

S&P 400 Tires & Rubber (Sub Ind) (CME:SP400-25101020)

Countertrend Down (-85) - SP400-25101020 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SP400-25101020?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-25101020.

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

CME_SP400-25101020
Open High Low SP400-25101020 Price Change
62.51 62.91 61.75 61.75 -1.01
Entry Signal

MarketClub’s Trade Triangles for SP400-25101020

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 57.35

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2024 at 67.41

short term up The short-term trend has been UP since Feb 20th, 2024 at 63.04

Smart Scan Analysis for SP400-25101020

Based on our trend formula, SP400-25101020 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP400-25101020
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.51 62.91 61.75 61.75 -1.01
Prev. Close Volume Bid Ask Time
61.75 2366803 2024-02-23 16:19:37
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