Index Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
MORNINGSTAR US GROWTH INDEX (CME:MGRO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MGRO
The long term trend has been UP since Dec 9th, 2016 at 2299.74
The intermediate term trend has been UP since Feb 26th, 2018 at 3112.90
The short term trend has been DOWN since Mar 15th, 2018 at 3161.88
Smart Scan Analysis for MGRO
Based on a pre-defined weighted trend formula for chart analysis, MGRO scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3222.73||52wk High Date||2018-03-13|
|52wk Low||2410.3||52wk Low Date||2017-03-27|