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.
MarketClub’s Trade Triangles for SPBRMBT
The long-term trend has been DOWN since Aug 13th, 2021 at 35003.53
The intermediate-term trend has been DOWN since Oct 21st, 2021 at 30645.35
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).