Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
S&P/CSE Banks Industry Group Index (CME:SPCSEBP)
Strong Uptrend (+100) - SPCSEBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPCSEBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Aug 12th, 2020 at 553.43
The intermediate-term trend has been UP since Aug 4th, 2020 at 532.20
The short-term trend has been UP since Aug 11th, 2020 at 541.41
Smart Scan Analysis for SPCSEBP
Based on our trend formula, SPCSEBP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).