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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
S&P Strategic Commodity Futures Index ER (CME:SPSCFIP)
Countertrend Up (+85) - SPSCFIP 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 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.
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MarketClub’s Trade Triangles for SPSCFIP
The long-term trend has been UP since Feb 8th, 2024 at 186.49
The intermediate-term trend has been UP since Jul 15th, 2024 at 201.26
The short-term trend has been UP since Jul 26th, 2024 at 199.03
Smart Scan Analysis for SPSCFIP
Based on our trend formula, SPSCFIP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 198.96 | 199.27 | 198.17 | 199.03 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 199.04 | 0 | 2024-07-26 15:33:20 |