Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
WORLD SOLAR ENERGY TOTAL RETURN INDEX (E) (CME:SOLEX)
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 SOLEX
The long term trend has been UP since Apr 27th, 2018 at 128.60
The intermediate term trend has been UP since Apr 17th, 2018 at 122.89
The short term trend has been DOWN since May 23rd, 2018 at 132.12
Smart Scan Analysis for SOLEX
Based on a pre-defined weighted trend formula for chart analysis, SOLEX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||134.5||52wk High Date||2018-05-16|
|52wk Low||87.58||52wk Low Date||2017-06-14|