Index Trend Analysis Report
Prepared for you on Sunday, September 26, 2021.
S&P/CSE Capital Goods Industry Group Index (CME:SPCSECGP)
Countertrend Up (+85) - SPCSECGP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPCSECGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSECGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSECGP
The long-term trend has been UP since Aug 14th, 2020 at 707.56
The intermediate-term trend has been UP since Aug 24th, 2021 at 1259.24
The short-term trend has been UP since Sep 23rd, 2021 at 1262.33
Smart Scan Analysis for SPCSECGP
Based on our trend formula, SPCSECGP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).