Index Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
S&P/CSE Materials Industry Group Index (CME:SPCSEMIP)
Crossroads (+60) - SPCSEMIP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPCSEMIP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEMIP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEMIP
The long-term trend has been DOWN since Aug 23rd, 2021 at 1528.03
The intermediate-term trend has been UP since Nov 25th, 2021 at 1641.83
The short-term trend has been UP since Nov 19th, 2021 at 1556.37
Smart Scan Analysis for SPCSEMIP
Based on our trend formula, SPCSEMIP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).