Index Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
S&P/CSE Automobiles & Components Industry Group Index (CME:SPCSEAMP)
Bull Market Weakness (+75) - SPCSEAMP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPCSEAMP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPCSEAMP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEAMP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEAMP
The long-term trend has been DOWN since Aug 30th, 2021 at 1109.92
The intermediate-term trend has been UP since Oct 18th, 2021 at 1166.22
The short-term trend has been UP since Oct 7th, 2021 at 1152.82
Smart Scan Analysis for SPCSEAMP
Based on our trend formula, SPCSEAMP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).