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Index Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

S&P Pan Asia BMI Telecommunication Services Sector (US Dollar) (CME:SPAU28)

Countertrend Down (-85) - SPAU28 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 SPAU28?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPAU28.

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

CME_SPAU28
Open High Low SPAU28 Price Change
62.32 62.32 62.16 62.18 -0.40
Entry Signal

MarketClub’s Trade Triangles for SPAU28

long term down The long-term trend has been DOWN since May 25th, 2023 at 64.38

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2023 at 66.22

short term up The short-term trend has been UP since Sep 29th, 2023 at 62.51

Smart Scan Analysis for SPAU28

Based on our trend formula, SPAU28 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPAU28
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.32 62.32 62.16 62.18 -0.40
Prev. Close Volume Bid Ask Time
62.58 0 2023-10-02 16:19:44
52wk High75.5852wk High Date2018-01-29
52wk Low61.4752wk Low Date2018-10-30
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