Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
S&P MILA Pacific Alliance Select TR Colombian Peso (CME:SPMPSOT)
Countertrend Up (+85) - SPMPSOT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPMPSOT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMPSOT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMPSOT
The long-term trend has been UP since Oct 23rd, 2020 at 8561.20
The intermediate-term trend has been UP since Feb 22nd, 2021 at 10143.00
The short-term trend has been DOWN since Mar 5th, 2021 at 10105.54
Smart Scan Analysis for SPMPSOT
Based on our trend formula, SPMPSOT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).