Future Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Mar 2020 (CME:XAB.H20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 XAB.H20
The long term trend has been DOWN since Jan 3rd, 2020 at 636.7
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 636.7
The short term trend has been DOWN since Jan 22nd, 2020 at 639.4
Smart Scan Analysis for XAB.H20
Based on a pre-defined weighted trend formula for chart analysis, XAB.H20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).