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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

S&P/CSE Materials Sector Index (CME:SPCSEMP)

Weak Downtrend (-65) - SPCSEMP is showing signs of a strengthening downtrend. Monitor SPCSEMP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SPCSEMP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEMP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPCSEMP
Open High Low SPCSEMP Price Change
1611.23 1630.72 1610.86 1622.88 +10.97
Entry Signal

MarketClub’s Trade Triangles for SPCSEMP

long term up The long-term trend has been UP since Mar 1st, 2024 at 1431.45

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 1700.58

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 1642.46

Smart Scan Analysis for SPCSEMP

Based on our trend formula, SPCSEMP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPCSEMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1611.23 1630.72 1610.86 1622.88 +10.97
Prev. Close Volume Bid Ask Time
1611.91 0 2024-07-23 05:39:24
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