Index Trend Analysis Report

Prepared for you on Tuesday, May 7, 2024.

S&P/CSE Energy Industry Group Index (CME:SPCSEEIP)

Countertrend Up (+85) - SPCSEEIP 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 SPCSEEIP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEEIP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	SPCSEEIP Price	Change
2636.66	2656.36	2618.20	2644.89	+12.35
Entry Signal

MarketClub’s Trade Triangles for SPCSEEIP

The long-term trend has been UP since Mar 11th, 2024 at 2305.13

The intermediate-term trend has been UP since Mar 5th, 2024 at 2270.49

The short-term trend has been DOWN since May 3rd, 2024 at 2620.23

Smart Scan Analysis for SPCSEEIP

Based on our trend formula, SPCSEEIP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2636.66	2656.36	2618.20	2644.89	+12.35
Prev. Close	Volume	Bid	Ask	Time
2632.54	0			2024-05-07 05:41:55

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