Index Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
MORNINGSTAR LG-CAP INDEX (CME:MLCP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 MLCP
The long term trend has been UP since Nov 21st, 2016 at 4706.34
The intermediate term trend has been UP since Sep 11th, 2017 at 5364.50
The short term trend has been UP since Nov 16th, 2017 at 5595.61
Smart Scan Analysis for MLCP
Based on a pre-defined weighted trend formula for chart analysis, MLCP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5615.71||52wk High Date||2017-11-07|
|52wk Low||4681.33||52wk Low Date||2016-11-21|