Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Friday, September 29, 2023.

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

Sidelines Mode (+55) - SPSCFIP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
185.44 185.67 183.94 184.24 -1.14
Entry Signal

MarketClub’s Trade Triangles for SPSCFIP

long term up The long-term trend has been UP since Feb 2nd, 2023 at 175.47

intermediate term up The intermediate-term trend has been UP since Aug 25th, 2023 at 182.00

short term down The short-term trend has been DOWN since Sep 29th, 2023 at 184.07

Smart Scan Analysis for SPSCFIP

Based on our trend formula, SPSCFIP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPSCFIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
185.44 185.67 183.94 184.24 -1.14
Prev. Close Volume Bid Ask Time
185.38 0 2023-09-29 16:08:37
Get a free daily analysis and signals for S&P Strategic Commodity Futures Index ER (SPSCFIP) - Request Your Free Report.