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Index Trend Analysis Report

Prepared for you on Tuesday, November 29, 2022.

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

Bear Market Rally (-75) - SPCSEBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPCSEBP as it may be in the beginning of a reversal.

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.

CME_SPCSEBP
Open High Low SPCSEBP Price Change
380.62 381.54 377.68 378.03 +0.78
Entry Signal

MarketClub’s Trade Triangles for SPCSEBP

long term down The long-term trend has been DOWN since Nov 16th, 2022 at 374.71

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2022 at 403.77

short term up The short-term trend has been UP since Nov 23rd, 2022 at 371.03

Smart Scan Analysis for SPCSEBP

Based on our trend formula, SPCSEBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPCSEBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
380.62 381.54 377.68 378.03 +0.78
Prev. Close Volume Bid Ask Time
377.25 0 2022-11-29 02:59:58
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