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Index Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

S&P Regional Banks Select Industry Index (CME:SPSIRBK)

Sidelines Mode (-55) - SPSIRBK 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 SPSIRBK?

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

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

CME_SPSIRBK
Open High Low SPSIRBK Price Change
1486.03 1510.84 1483.47 1484.34 +37.51
Entry Signal

MarketClub’s Trade Triangles for SPSIRBK

long term up The long-term trend has been UP since May 13th, 2024 at 1586.63

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 1518.57

short term up The short-term trend has been UP since Jun 12th, 2024 at 1482.83

Smart Scan Analysis for SPSIRBK

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

-55
Smart Scan Analysis for SPSIRBK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1486.03 1510.84 1483.47 1484.34 +37.51
Prev. Close Volume Bid Ask Time
1446.83 0 2024-06-12 14:44:13
52wk High2065.4252wk High Date2018-06-07
52wk Low1589.7152wk Low Date2018-10-24
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