Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
MORNINGSTAR LG-CAP INDEX (CME:MLCP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 10th, 2018 at 6045.58
The intermediate term trend has been DOWN since Oct 8th, 2018 at 6244.58
The short term trend has been UP since Oct 16th, 2018 at 6082.32
Smart Scan Analysis for MLCP
Based on a pre-defined weighted trend formula for chart analysis, MLCP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6403.61||52wk High Date||2018-10-03|
|52wk Low||5479.82||52wk Low Date||2018-02-09|