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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.
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MarketClub’s Trade Triangles for SPSCFIP
The long-term trend has been UP since Feb 2nd, 2023 at 175.47
The intermediate-term trend has been UP since Aug 25th, 2023 at 182.00
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).
| 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 |