Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
CONSUMER DISCRETIONARY SELECT SECTOR (CME:IXY)
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 IXY
The long term trend has been DOWN since Oct 11th, 2018 at 1092.31
The intermediate term trend has been UP since Dec 3rd, 2018 at 1110.76
The short term trend has been DOWN since Dec 4th, 2018 at 1073.87
Smart Scan Analysis for IXY
Based on a pre-defined weighted trend formula for chart analysis, IXY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1192.43||52wk High Date||2018-10-01|
|52wk Low||959.38||52wk Low Date||2017-12-01|