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Index Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

S&P GSCI Soybean Meal Dynamic Roll ER (CME:SPDYSMP)

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

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

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

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

CME_SPDYSMP
Open High Low SPDYSMP Price Change
1265.88 1283.57 1263.45 1273.17 +8.78
Entry Signal

MarketClub’s Trade Triangles for SPDYSMP

long term up The long-term trend has been UP since Oct 20th, 2023 at 1279.61

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 1305.23

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 1259.79

Smart Scan Analysis for SPDYSMP

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

-70
Smart Scan Analysis for SPDYSMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1265.88 1283.57 1263.45 1273.17 +8.78
Prev. Close Volume Bid Ask Time
1264.39 0 2023-12-08 11:51:43
52wk High950.144952wk High Date2018-05-01
52wk Low728.480852wk Low Date2018-11-26
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