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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P Strategic Commodity Futures Index (CME:SPSCFI)

Crossroads (-60) - SPSCFI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPSCFI?

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

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

CME_SPSCFI
Open High Low SPSCFI Price Change
315.81 317.23 315.64 316.62 +0.88
Entry Signal

MarketClub’s Trade Triangles for SPSCFI

long term up The long-term trend has been UP since Sep 12th, 2023 at 292.98

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2024 at 318.93

short term down The short-term trend has been DOWN since May 20th, 2024 at 317.34

Smart Scan Analysis for SPSCFI

Based on our trend formula, SPSCFI is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPSCFI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
315.81 317.23 315.64 316.62 +0.88
Prev. Close Volume Bid Ask Time
315.74 0 2024-05-24 11:29:57
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