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Index Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

S&P MidCap 400 Capped Energy (sector) Index TR (CME:SPMU4ET)

Countertrend Up (+85) - SPMU4ET 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 SPMU4ET?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPMU4ET.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPMU4ET
Open High Low SPMU4ET Price Change
501.84 509.65 500.38 509.61 +7.77
Entry Signal

MarketClub’s Trade Triangles for SPMU4ET

long term up The long-term trend has been UP since Mar 1st, 2024 at 465.02

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2024 at 444.60

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 501.37

Smart Scan Analysis for SPMU4ET

Based on our trend formula, SPMU4ET is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPMU4ET
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
501.84 509.65 500.38 509.61 +7.77
Prev. Close Volume Bid Ask Time
509.61 0 2024-03-27 16:20:03
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