Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P 500 INDEX (E-MINI) Dec 2019 (CME:ES.Z19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.Z19
The long term trend has been UP since Jun 30th, 2019 at 2970.0
The intermediate term trend has been DOWN since Jul 31st, 2019 at 2973.5
The short term trend has been UP since Aug 18th, 2019 at 2895.0
Smart Scan Analysis for ES.Z19
Based on a pre-defined weighted trend formula for chart analysis, ES.Z19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).