Index Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
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 negative trend to resume. Downtrend 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 DOWN since Feb 8th, 2018 at 66.7936
The intermediate term trend has been DOWN since Jan 30th, 2018 at 74.7390
The short term trend has been UP since Feb 14th, 2018 at 68.4649
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||78.3894||52wk High Date||2018-01-24|
|52wk Low||61.8073||52wk Low Date||2017-08-21|