Index Trend Analysis Report
Prepared for you on Saturday, April 17, 2021.
S&P GSCI Cocoa Dynamic Roll ER (CME:SPDYCCP)
Sidelines Mode (-55) - SPDYCCP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 30th, 2021 at 61.949
The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 64.431
The short-term trend has been UP since Apr 13th, 2021 at 63.020
Smart Scan Analysis for SPDYCCP
Based on our trend formula, SPDYCCP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).