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Index Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
S&P MidCap 400 Capped Industrials (sector) Index TR (CME:SPMU4IT)
Long-Term Downtrend (-90) - SPMU4IT is in a strong downtrend that is likely to continue. While SPMU4IT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPMU4IT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMU4IT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPMU4IT
The long-term trend has been DOWN since Oct 2nd, 2023 at 2230.29
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 2308.07
The short-term trend has been DOWN since Oct 2nd, 2023 at 2230.30
Smart Scan Analysis for SPMU4IT
Based on our trend formula, SPMU4IT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2266.12 | 2269.37 | 2229.88 | 2236.79 | -29.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2266.12 | 0 | 2023-10-02 16:19:33 |