Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
MERRILL LYNCH FACTOR MODEL INDEX (CME:MLEIFCTR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 MLEIFCTR
The long term trend has been UP since Nov 27th, 2016 at 1918.18
The intermediate term trend has been DOWN since Aug 12th, 2018 at 2082.74
The short term trend has been DOWN since Aug 10th, 2018 at 2091.57
Smart Scan Analysis for MLEIFCTR
Based on a pre-defined weighted trend formula for chart analysis, MLEIFCTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2101.87||52wk High Date||2018-01-26|
|52wk Low||1994.57||52wk Low Date||2017-08-21|