Index Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
S&P GSCI Cocoa Dynamic Roll ER (CME:SPDYCCP)
Long-Term Uptrend (+90) - SPDYCCP is in a strong uptrend that is likely to continue. While SPDYCCP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Nov 20th, 2020 at 70.221
The intermediate-term trend has been UP since Jan 4th, 2021 at 67.409
The short-term trend has been UP since Jan 15th, 2021 at 65.006
Smart Scan Analysis for SPDYCCP
Based on our trend formula, SPDYCCP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).