Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P MILA Pacific Alliance Select TR Mexican Peso (CME:SPMPSMT)
Sidelines Mode (+55) - SPMPSMT 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 SPMPSMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMPSMT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMPSMT
The long-term trend has been UP since Nov 11th, 2020 at 12104.20
The intermediate-term trend has been DOWN since Apr 23rd, 2021 at 14258.63
The short-term trend has been UP since May 5th, 2021 at 14115.81
Smart Scan Analysis for SPMPSMT
Based on our trend formula, SPMPSMT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).