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Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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

Crossroads (+60) - SPDYSMP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1097.40 1101.18 1095.19 1097.08 -1.27
Entry Signal

MarketClub’s Trade Triangles for SPDYSMP

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 1105.12

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 1097.71

short term up The short-term trend has been UP since Apr 19th, 2024 at 1088.88

Smart Scan Analysis for SPDYSMP

Based on our trend formula, SPDYSMP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SPDYSMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1097.40 1101.18 1095.19 1097.08 -1.27
Prev. Close Volume Bid Ask Time
1098.35 0 2024-04-23 06:49:28
52wk High950.144952wk High Date2018-05-01
52wk Low728.480852wk Low Date2018-11-26
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