Index Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

S&P/CSE Materials Industry Group Index (CME:SPCSEMIP)

Countertrend Up (+85) - SPCSEMIP 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 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.

Open	High	Low	SPCSEMIP Price	Change
1469.32	1470.57	1449.10	1449.47	-18.27
Entry Signal

MarketClub’s Trade Triangles for SPCSEMIP

The long-term trend has been UP since Aug 3rd, 2022 at 1142.04

The intermediate-term trend has been UP since Feb 21st, 2023 at 1387.02

The short-term trend has been DOWN since Mar 21st, 2023 at 1451.38

Smart Scan Analysis for SPCSEMIP

Based on our trend formula, SPCSEMIP 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
1469.32	1470.57	1449.10	1449.47	-18.27
Prev. Close	Volume	Bid	Ask	Time
1467.74	0			2023-03-21 03:59:58

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