Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
S&P 500 EUR HEDGE (NET TRUST) (CME:SPXUXEN)
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 SPXUXEN
The long term trend has been UP since Jul 10th, 2018 at 4269.32
The intermediate term trend has been DOWN since Oct 5th, 2018 at 4370.60
The short term trend has been DOWN since Oct 4th, 2018 at 4422.08
Smart Scan Analysis for SPXUXEN
Based on a pre-defined weighted trend formula for chart analysis, SPXUXEN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4482.72||52wk High Date||2018-09-21|
|52wk Low||3881.54||52wk Low Date||2018-02-09|