Index Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Sidelines Mode (-55) - SPTEST1 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 SPTEST1?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPTEST1.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPTEST1
The long-term trend has been UP since Oct 26th, 2021 at 2500.57
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 2495.87
The short-term trend has been UP since Nov 22nd, 2021 at 2539.15
Smart Scan Analysis for SPTEST1
Based on our trend formula, SPTEST1 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).