Index Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
S&P 500 PR Inverse Carry-Free Daily Index (CME:SPXICU)
Crossroads (-60) - SPXICU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPXICU?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXICU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXICU
The long-term trend has been DOWN since Jun 2nd, 2020 at 150.15
The intermediate-term trend has been UP since Jun 18th, 2021 at 107.27
The short-term trend has been UP since Jun 16th, 2021 at 105.64
Smart Scan Analysis for SPXICU
Based on our trend formula, SPXICU is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).