Index Trend Analysis Report
Prepared for you on Saturday, May 8, 2021.
S&P/CSE Food & Staples Retailing Industry Group Index (CME:SPCSEFRP)
Bear Market Rally (-75) - SPCSEFRP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPCSEFRP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPCSEFRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEFRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEFRP
The long-term trend has been DOWN since May 5th, 2021 at 1340.98
The intermediate-term trend has been DOWN since Apr 23rd, 2021 at 1360.02
The short-term trend has been UP since May 6th, 2021 at 1357.37
Smart Scan Analysis for SPCSEFRP
Based on our trend formula, SPCSEFRP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).