Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
S&P GLOBAL CLEAN ENERGY INDEX (CME:SPGTCLEN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPGTCLEN
The long term trend has been DOWN since Nov 27th, 2017 at 569.26
The intermediate term trend has been UP since Dec 15th, 2017 at 576.65
The short term trend has been UP since Dec 7th, 2017 at 556.45
Smart Scan Analysis for SPGTCLEN
Based on a pre-defined weighted trend formula for chart analysis, SPGTCLEN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||599.76||52wk High Date||2017-11-02|
|52wk Low||496.15||52wk Low Date||2016-12-15|