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.
MarketClub’s Trade Triangles for SPCSEBP
The long-term trend has been DOWN since Nov 16th, 2022 at 374.71
The intermediate-term trend has been DOWN since Oct 11th, 2022 at 403.77
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).