Index Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
S&P GSCI Cocoa Dynamic Roll ER (CME:SPDYCCP)
Bull Market Weakness (+75) - SPDYCCP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPDYCCP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPDYCCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDYCCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPDYCCP
The long-term trend has been UP since Aug 13th, 2021 at 67.007
The intermediate-term trend has been UP since Oct 1st, 2021 at 69.426
The short-term trend has been UP since Oct 19th, 2021 at 67.800
Smart Scan Analysis for SPDYCCP
Based on our trend formula, SPDYCCP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).