Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
S&P GLOBAL CLEAN ENERGY INDEX (EUROS) (CME:SPGTCLEE)
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 SPGTCLEE
The long term trend has been UP since Oct 17th, 2017 at 597.72
The intermediate term trend has been UP since Sep 13th, 2017 at 585.72
The short term trend has been DOWN since Oct 19th, 2017 at 590.00
Smart Scan Analysis for SPGTCLEE
Based on a pre-defined weighted trend formula for chart analysis, SPGTCLEE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||644.37||52wk High Date||2017-02-22|
|52wk Low||543.61||52wk Low Date||2016-11-11|