Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Morningstar Spain Index PR EUR (CME:MSESEURP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MSESEURP
The long term trend has been DOWN since Aug 2nd, 2019 at 1061.54
The intermediate term trend has been UP since Sep 5th, 2019 at 1043.38
The short term trend has been UP since Sep 19th, 2019 at 1074.77
Smart Scan Analysis for MSESEURP
Based on a pre-defined weighted trend formula for chart analysis, MSESEURP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).