Future Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
S&P 500 INDEX (E-MINI) Jun 2019 (CME:ES.M19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ES.M19
The long term trend has been DOWN since Oct 11th, 2018 at 2729.50
The intermediate term trend has been DOWN since Dec 7th, 2018 at 2641.25
The short term trend has been UP since Dec 12th, 2018 at 2665.50
Smart Scan Analysis for ES.M19
Based on a pre-defined weighted trend formula for chart analysis, ES.M19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).