Index Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
S&P/CSE Banks Industry Group Index (CME:SPCSEBP)
Crossroads (-60) - SPCSEBP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for SPCSEBP
The long-term trend has been UP since Jun 1st, 2021 at 640.89
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 660.59
The short-term trend has been DOWN since Nov 5th, 2021 at 680.33
Smart Scan Analysis for SPCSEBP
Based on our trend formula, SPCSEBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).