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Index Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

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

Weak Downtrend (-65) - SPCSEBP is showing signs of a strengthening downtrend. Monitor SPCSEBP as it may be building momentum to the downside.

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
788.53 792.63 784.12 784.91 -5.44
Entry Signal

MarketClub’s Trade Triangles for SPCSEBP

long term up The long-term trend has been UP since Jan 23rd, 2023 at 432.82

intermediate term down The intermediate-term trend has been DOWN since Aug 21st, 2023 at 830.93

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 815.75

Smart Scan Analysis for SPCSEBP

Based on our trend formula, SPCSEBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPCSEBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
788.53 792.63 784.12 784.91 -5.44
Prev. Close Volume Bid Ask Time
784.91 0 2023-09-25 06:11:03
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