Future Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
LIVE CATTLE Jun 2019 (CME:LE.M19)
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 LE.M19
The long term trend has been DOWN since Apr 26th, 2019 at 115.10
The intermediate term trend has been DOWN since Apr 24th, 2019 at 118.70
The short term trend has been UP since Jun 10th, 2019 at 108.35
Smart Scan Analysis for LE.M19
Based on a pre-defined weighted trend formula for chart analysis, LE.M19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).