Index Trend Analysis Report
Prepared for you on Saturday, July 4, 2020.
S&P 500 PR Inverse Carry-Free Daily Index (TWD) (CME:SPXICT)
Long-Term Downtrend (-90) - SPXICT is in a strong downtrend that is likely to continue. While SPXICT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPXICT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXICT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXICT
The long-term trend has been DOWN since Jun 1st, 2020 at 129.41
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 154.49
The short-term trend has been DOWN since Jun 30th, 2020 at 125.97
Smart Scan Analysis for SPXICT
Based on our trend formula, SPXICT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).