Index Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
S&P 500 PR Inverse Carry-Free Daily Index (CME:SPXICU)
Strong Downtrend (-100) - SPXICU 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 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 DOWN since Oct 15th, 2021 at 99.81
The short-term trend has been DOWN since Oct 14th, 2021 at 100.83
Smart Scan Analysis for SPXICU
Based on our trend formula, SPXICU is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).