Index Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
S&P/CSE Food & Staples Retailing Industry Group Index (CME:SPCSEFRP)
Long-Term Downtrend (-90) - SPCSEFRP is in a strong downtrend that is likely to continue. While SPCSEFRP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 8th, 2021 at 1380.83
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 1384.83
The short-term trend has been DOWN since Oct 12th, 2021 at 1407.39
Smart Scan Analysis for SPCSEFRP
Based on our trend formula, SPCSEFRP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).