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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P BRIC 40 Index (CME:SPBRIC)

Crossroads (-60) - SPBRIC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPBRIC?

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

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

CME_SPBRIC
Open High Low SPBRIC Price Change
1908.83 1909.70 1903.41 1906.61 -4.70
Entry Signal

MarketClub’s Trade Triangles for SPBRIC

long term up The long-term trend has been UP since Apr 24th, 2024 at 1829.05

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 1917.06

short term down The short-term trend has been DOWN since May 21st, 2024 at 2017.96

Smart Scan Analysis for SPBRIC

Based on our trend formula, SPBRIC is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPBRIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1908.83 1909.70 1903.41 1906.61 -4.70
Prev. Close Volume Bid Ask Time
1911.31 0 2024-05-30 06:32:40
52wk High3391.352wk High Date2018-01-29
52wk Low2441.0352wk Low Date2018-10-30
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