Index Trend Analysis Report

Prepared for you on Friday, September 20, 2024.

S&P/CSE Banks Industry Group Index (CME:SPCSEBP)

Sidelines Mode (-55) - SPCSEBP 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 SPCSEBP?

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

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

Open	High	Low	SPCSEBP Price	Change
801.06	802.78	789.43	799.79	+18.03
Entry Signal

MarketClub’s Trade Triangles for SPCSEBP

The long-term trend has been DOWN since Aug 5th, 2024 at 835.24

The intermediate-term trend has been DOWN since Jul 1st, 2024 at 906.71

The short-term trend has been UP since Sep 13th, 2024 at 753.67

Smart Scan Analysis for SPCSEBP

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

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
801.06	802.78	789.43	799.79	+18.03
Prev. Close	Volume	Bid	Ask	Time
781.76	0			2024-09-20 06:10:20

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