Index Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
ENERGY SELECT SECURITY SPDR NAV NAV (PACF:XLE.IV)
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 XLE.IV
The long term trend has been UP since Sep 25th, 2017 at 67.5274
The intermediate term trend has been UP since Nov 1st, 2017 at 68.9258
The short term trend has been DOWN since Dec 6th, 2017 at 68.9597
Smart Scan Analysis for XLE.IV
Based on a pre-defined weighted trend formula for chart analysis, XLE.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||78.4159||52wk High Date||2016-12-12|
|52wk Low||61.8073||52wk Low Date||2017-08-21|