Future Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
S&P MIDCAP 400 INDEX (E-MINI) Jun 2019 (CME:EMD.M19)
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 EMD.M19
The long term trend has been UP since Feb 20th, 2019 at 1919.7
The intermediate term trend has been DOWN since May 5th, 2019 at 1941.7
The short term trend has been DOWN since May 17th, 2019 at 1893.0
Smart Scan Analysis for EMD.M19
Based on a pre-defined weighted trend formula for chart analysis, EMD.M19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).