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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

S&P Biotechnology Select Industry Index (CME:SPSIBI)

Bull Market Weakness (+75) - SPSIBI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPSIBI as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SPSIBI?

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

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

CME_SPSIBI
Open High Low SPSIBI Price Change
7374.40 7374.40 7227.96 7229.66 -143.41
Entry Signal

MarketClub’s Trade Triangles for SPSIBI

long term up The long-term trend has been UP since Dec 8th, 2023 at 6318.54

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2024 at 7077.37

short term up The short-term trend has been UP since Mar 8th, 2024 at 7876.65

Smart Scan Analysis for SPSIBI

Based on our trend formula, SPSIBI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SPSIBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7374.40 7374.40 7227.96 7229.66 -143.41
Prev. Close Volume Bid Ask Time
7229.66 0 2024-03-18 16:19:55
52wk High7896.4652wk High Date2018-06-21
52wk Low5756.2652wk Low Date2018-11-14
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