Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
S&P 500 INDEX HEALTHCARE SECTOR (E-MINI) Dec 2018 (E) (CME:XAV.Z18.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 XAV.Z18.E
The long term trend has been UP since Apr 16th, 2018 at 822.3
The intermediate term trend has been DOWN since Oct 10th, 2018 at 934.4
The short term trend has been DOWN since Oct 4th, 2018 at 958.2
Smart Scan Analysis for XAV.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, XAV.Z18.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||966.6||Contract High Date||2018-10-01|
|Contract Low||896||Contract Low Date||2018-10-11|
|Open Time||18:00||Close Time||17:00|