Index Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
S&P 400 Managed Risk 2.0 Index (CME:SPMMR2)
Crossroads (+60) - SPMMR2 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 SPMMR2?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMMR2.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMMR2
The long-term trend has been DOWN since Feb 25th, 2020 at 1722.25
The intermediate-term trend has been UP since Apr 7th, 2020 at 1540.19
The short-term trend has been UP since Apr 6th, 2020 at 1535.87
Smart Scan Analysis for SPMMR2
Based on our trend formula, SPMMR2 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).