Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
LIVE CATTLE Apr 2020 (CME:LE.J20)
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 LE.J20
The long term trend has been DOWN since May 6th, 2019 at 117.750
The intermediate term trend has been DOWN since Jul 31st, 2019 at 117.675
The short term trend has been DOWN since Jul 29th, 2019 at 119.375
Smart Scan Analysis for LE.J20
Based on a pre-defined weighted trend formula for chart analysis, LE.J20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).