Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
S&P Strategic Commodity Futures Index (CME:SPSCFI)
Weak Downtrend (-65) - SPSCFI is showing signs of a strengthening downtrend. Monitor SPSCFI as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for SPSCFI
The long-term trend has been UP since Mar 9th, 2020 at 218.42
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 212.80
The short-term trend has been DOWN since Aug 7th, 2020 at 213.03
Smart Scan Analysis for SPSCFI
Based on our trend formula, SPSCFI is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).