Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P/CSE Energy Industry Group Index (CME:SPCSEEIP)
Sidelines Mode (+50) - SPCSEEIP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SPCSEEIP can gain momentum.
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.
MarketClub’s Trade Triangles for SPCSEEIP
The long-term trend has been DOWN since Sep 10th, 2019 at 471.14
The intermediate-term trend has been UP since May 13th, 2020 at 408.75
The short-term trend has been UP since Jun 2nd, 2020 at 450.44
Smart Scan Analysis for SPCSEEIP
Based on our trend formula, SPCSEEIP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).