Index Trend Analysis Report
Prepared for you on Friday, July 30, 2021.
S&P China 500 (CNY) (CME:SPC500CP)
Long-Term Downtrend (-90) - SPC500CP is in a strong downtrend that is likely to continue. While SPC500CP 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 SPC500CP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPC500CP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPC500CP
The long-term trend has been DOWN since May 11th, 2021 at 3420.31
The intermediate-term trend has been DOWN since Jul 8th, 2021 at 3459.76
The short-term trend has been DOWN since Jul 23rd, 2021 at 3463.28
Smart Scan Analysis for SPC500CP
Based on our trend formula, SPC500CP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).