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Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Morningstar US Energy Sector Capped PR USD (CME:MES)
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.
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MarketClub’s Trade Triangles for MES
The long term trend has been DOWN since May 23rd, 2019 at 7743.46
The intermediate term trend has been UP since Sep 5th, 2019 at 7218.18
The short term trend has been DOWN since Sep 20th, 2019 at 7537.78
Smart Scan Analysis for MES
Based on a pre-defined weighted trend formula for chart analysis, MES scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7564.98 | 7602.41 | 7531.98 | 7562.67 | +8.73 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7548.91 | 0 | 2019-09-20 16:09:47 |