Index Trend Analysis Report
Prepared for you on Tuesday, June 15, 2021.
S&P MidCap 400 Capped Energy (sector) Index TR (CME:SPMU4ET)
Long-Term Uptrend (+90) - SPMU4ET is in a strong uptrend that is likely to continue. While SPMU4ET is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for SPMU4ET
The long-term trend has been UP since Dec 10th, 2020 at 180.15
The intermediate-term trend has been UP since Apr 28th, 2021 at 244.41
The short-term trend has been UP since Jun 9th, 2021 at 282.35
Smart Scan Analysis for SPMU4ET
Based on our trend formula, SPMU4ET is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).