Index Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
S&P MLP Index (TR) (CME:SPMLPT)
Sidelines Mode (-55) - SPMLPT 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 SPMLPT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMLPT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMLPT
The long-term trend has been DOWN since Feb 24th, 2020 at 4019.07
The intermediate-term trend has been UP since Apr 9th, 2020 at 2320.38
The short-term trend has been DOWN since May 29th, 2020 at 3032.71
Smart Scan Analysis for SPMLPT
Based on our trend formula, SPMLPT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).