Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P HAREL ENERGY INDEX (CME:SPHLENIP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPHLENIP
The long term trend has been UP since Aug 23rd, 2018 at 1551.73
The intermediate term trend has been DOWN since Oct 10th, 2018 at 1590.92
The short term trend has been UP since Oct 16th, 2018 at 1601.72
Smart Scan Analysis for SPHLENIP
Based on a pre-defined weighted trend formula for chart analysis, SPHLENIP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1661.18||52wk High Date||2018-09-25|
|52wk Low||1426.53||52wk Low Date||2018-06-28|