Future Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
LIVE CATTLE Apr 2019 (CME:LE.J19)
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 LE.J19
The long term trend has been UP since Jul 2nd, 2018 at 117.575
The intermediate term trend has been DOWN since Mar 12th, 2019 at 127.250
The short term trend has been DOWN since Mar 25th, 2019 at 128.775
Smart Scan Analysis for LE.J19
Based on a pre-defined weighted trend formula for chart analysis, LE.J19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).