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Index Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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.

CME_SPX3ICUT
Open High Low SPX3ICUT Price Change
8.18 8.18 7.97 8.00 -0.18
Entry Signal

MarketClub’s Trade Triangles for SPX3ICUT

long term down The long-term trend has been DOWN since Nov 15th, 2023 at 13.76

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 8.77

short term down The short-term trend has been DOWN since May 23rd, 2024 at 7.92

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).

-100
Smart Scan Analysis for SPX3ICUT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.18 8.18 7.97 8.00 -0.18
Prev. Close Volume Bid Ask Time
8.00 0 2024-05-24 16:20:01
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