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Index Trend Analysis Report

Prepared for you on Sunday, August 9, 2020.

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, SHORTSYMBOL 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
73.76 75.05 73.49 73.57 -0.19
Entry Signal

MarketClub’s Trade Triangles for SPX3ICUT

long term down The long-term trend has been DOWN since Apr 14th, 2020 at 136.96

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2020 at 184.46

short term down The short-term trend has been DOWN since Jul 31st, 2020 at 79.81

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
73.76 75.05 73.49 73.57 -0.19
Prev. Close Volume Bid Ask Time
105.78 0 2020-08-07 16:19:41
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