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Index Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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
1118.53 1124.21 1110.02 1111.91 -8.51
Entry Signal

MarketClub’s Trade Triangles for SPDYSMP

long term up The long-term trend has been UP since May 2nd, 2024 at 1168.15

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 1149.43

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 1111.59

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
1118.53 1124.21 1110.02 1111.91 -8.51
Prev. Close Volume Bid Ask Time
1114.43 0 2024-06-14 14:28:48
52wk High950.144952wk High Date2018-05-01
52wk Low728.480852wk Low Date2018-11-26
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