Index Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
S&P/BOVESPA Inverse-Risk Weighted Index TR (CME:SPBRRWBT)
Countertrend Up (+85) - SPBRRWBT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPBRRWBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBRRWBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBRRWBT
The long-term trend has been UP since Apr 13th, 2021 at 28972.29
The intermediate-term trend has been UP since Mar 22nd, 2021 at 27750.10
The short-term trend has been DOWN since Jun 18th, 2021 at 31567.86
Smart Scan Analysis for SPBRRWBT
Based on our trend formula, SPBRRWBT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).