Index Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
S&P 500 2X INVERSE INDEX TOTAL RETURN (CME:SP500TR2XI)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SP500TR2XI
The long term trend has been DOWN since Nov 10th, 2016 at 37.61
The intermediate term trend has been DOWN since Apr 25th, 2017 at 31.07
The short term trend has been UP since Jun 27th, 2017 at 29.57
Smart Scan Analysis for SP500TR2XI
Based on a pre-defined weighted trend formula for chart analysis, SP500TR2XI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||45.66||52wk High Date||2016-06-28|
|52wk Low||29.02||52wk Low Date||2017-06-19|