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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
S&P Strategic Commodity Futures Index (CME:SPSCFI)
Countertrend Up (+85) - SPSCFI 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 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.
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MarketClub’s Trade Triangles for SPSCFI
The long-term trend has been UP since Sep 12th, 2023 at 292.98
The intermediate-term trend has been UP since Jul 3rd, 2024 at 322.88
The short-term trend has been UP since Jul 26th, 2024 at 326.10
Smart Scan Analysis for SPSCFI
Based on our trend formula, SPSCFI is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 325.99 | 326.49 | 324.69 | 326.10 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 326.11 | 0 | 2024-07-26 15:33:20 |