Future Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
S&P 500 INDEX (E-MINI) Sep 2019 (CME:ES.U19)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 ES.U19
The long term trend has been UP since Mar 15th, 2019 at 2829.50
The intermediate term trend has been DOWN since Jul 31st, 2019 at 2969.50
The short term trend has been UP since Aug 18th, 2019 at 2894.75
Smart Scan Analysis for ES.U19
Based on a pre-defined weighted trend formula for chart analysis, ES.U19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).