Index Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
S&P/CSE Consumer Services Industry Group Index (CME:SPCSECSP)
Countertrend Down (-85) - SPCSECSP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPCSECSP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSECSP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSECSP
The long-term trend has been DOWN since May 30th, 2023 at 345.07
The intermediate-term trend has been DOWN since Apr 21st, 2023 at 381.51
The short-term trend has been UP since Jun 1st, 2023 at 351.89
Smart Scan Analysis for SPCSECSP
Based on our trend formula, SPCSECSP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).