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Index Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

S&P/BOVESPA Momentum Index TR (CME:SPBRMBT)

Long-Term Downtrend (-90) - SPBRMBT is in a strong downtrend that is likely to continue. While SPBRMBT 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 SPBRMBT?

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

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

CME_SPBRMBT
Open High Low SPBRMBT Price Change
29289.28 29290.85 27507.51 27874.37 -1148.93
Entry Signal

MarketClub’s Trade Triangles for SPBRMBT

long term down The long-term trend has been DOWN since Aug 13th, 2021 at 35003.53

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2021 at 30645.35

short term down The short-term trend has been DOWN since Nov 26th, 2021 at 27998.19

Smart Scan Analysis for SPBRMBT

Based on our trend formula, SPBRMBT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPBRMBT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29289.28 29290.85 27507.51 27874.37 -1148.93
Prev. Close Volume Bid Ask Time
27874.37 0 2021-11-26 16:34:05
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