Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
GLOBAL 1200 UTIL (CME:SPG1200-55)
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 SPG1200-55
The long term trend has been UP since Nov 7th, 2018 at 1525.66
The intermediate term trend has been UP since Oct 19th, 2018 at 1514.29
The short term trend has been DOWN since Nov 15th, 2018 at 1521.03
Smart Scan Analysis for SPG1200-55
Based on a pre-defined weighted trend formula for chart analysis, SPG1200-55 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1596.67||52wk High Date||2017-11-15|
|52wk Low||1382.06||52wk Low Date||2018-02-09|