Index Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
S&P/CSE Consumer Durables & Apparel Industry Group Index (CME:SPCSECAP)
Sidelines Mode (+55) - SPCSECAP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPCSECAP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSECAP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSECAP
The long-term trend has been UP since Jul 10th, 2023 at 1370.95
The intermediate-term trend has been DOWN since Oct 9th, 2023 at 1589.34
The short-term trend has been UP since Dec 1st, 2023 at 1516.52
Smart Scan Analysis for SPCSECAP
Based on our trend formula, SPCSECAP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).