Index Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
S&P MILA Pacific Alliance Select TR Mexican Peso (CME:SPMPSMT)
Weak Downtrend (-65) - SPMPSMT is showing signs of a strengthening downtrend. Monitor SPMPSMT as it may be building momentum to the downside.
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 DOWN since Feb 24th, 2020 at 12823.96
The intermediate-term trend has been DOWN since Jul 21st, 2020 at 11462.80
The short-term trend has been UP since Aug 3rd, 2020 at 11877.27
Smart Scan Analysis for SPMPSMT
Based on our trend formula, SPMPSMT is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).