Future Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
S&P 500 INDEX CONSUMER DISCRETIONARY (E-MINI) Mar 2020 (CME:XAY.H20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 XAY.H20
The long term trend has been UP since Dec 16th, 2019 at 1243.6
The intermediate term trend has been DOWN since Jan 27th, 2020 at 1264.2
The short term trend has been DOWN since Jan 23rd, 2020 at 1282.0
Smart Scan Analysis for XAY.H20
Based on a pre-defined weighted trend formula for chart analysis, XAY.H20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).