Index Trend Analysis Report
Prepared for you on Saturday, May 27, 2023.
S&P 500 TR 3X Inverse Carry-Free Daily Index (CME:SPX3ICUT)
Strong Downtrend (-100) - SPX3ICUT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPX3ICUT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPX3ICUT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPX3ICUT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPX3ICUT
The long-term trend has been DOWN since Dec 1st, 2022 at 21.97
The intermediate-term trend has been DOWN since Apr 28th, 2023 at 19.02
The short-term trend has been DOWN since May 26th, 2023 at 18.42
Smart Scan Analysis for SPX3ICUT
Based on our trend formula, SPX3ICUT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).