Future Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
LIVE CATTLE Aug 2019 (CME:LE.Q19)
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 LE.Q19
The long term trend has been UP since Jul 3rd, 2018 at 109.825
The intermediate term trend has been UP since Feb 8th, 2019 at 114.550
The short term trend has been DOWN since Feb 14th, 2019 at 114.050
Smart Scan Analysis for LE.Q19
Based on a pre-defined weighted trend formula for chart analysis, LE.Q19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).