Index Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
SPECTRUM - Long / Short 8% Index ER (NEW VA) (CME:SPBNP8ER)
Sidelines Mode (+55) - SPBNP8ER 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 SPBNP8ER?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBNP8ER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBNP8ER
The long-term trend has been UP since Jan 2nd, 2020 at 216.97
The intermediate-term trend has been UP since Nov 19th, 2019 at 213.38
The short-term trend has been DOWN since May 26th, 2020 at 256.02
Smart Scan Analysis for SPBNP8ER
Based on our trend formula, SPBNP8ER is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||230.22||52wk High Date||2018-06-15|
|52wk Low||210.47||52wk Low Date||2018-04-25|