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Index Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

S&P Strategic Commodity Futures Index ER (CME:SPSCFIP)

Crossroads (-60) - SPSCFIP 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 SPSCFIP?

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

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

CME_SPSCFIP
Open High Low SPSCFIP Price Change
200.30 201.43 199.73 201.06 +0.86
Entry Signal

MarketClub’s Trade Triangles for SPSCFIP

long term up The long-term trend has been UP since Feb 8th, 2024 at 186.49

intermediate term down The intermediate-term trend has been DOWN since Jun 18th, 2024 at 199.73

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 200.61

Smart Scan Analysis for SPSCFIP

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

-60
Smart Scan Analysis for SPSCFIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
200.30 201.43 199.73 201.06 +0.86
Prev. Close Volume Bid Ask Time
200.20 0 2024-06-20 21:50:42
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