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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

S&P Biotechnology Select Industry TR Inverse Carry-Free Daily Index (CME:SPBSICUT)

Sidelines Mode (-55) - SPBSICUT 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 SPBSICUT?

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

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

CME_SPBSICUT
Open High Low SPBSICUT Price Change
266.59 268.75 264.01 264.99 -1.60
Entry Signal

MarketClub’s Trade Triangles for SPBSICUT

long term down The long-term trend has been DOWN since Dec 4th, 2023 at 330.78

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 273.36

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 266.51

Smart Scan Analysis for SPBSICUT

Based on our trend formula, SPBSICUT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPBSICUT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
266.59 268.75 264.01 264.99 -1.60
Prev. Close Volume Bid Ask Time
266.59 0 2024-03-28 15:14:40
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