Index Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Morningstar Israel Index PR USD (CME:MSILUSDP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 MSILUSDP
The long term trend has been UP since Aug 2nd, 2019 at 2398.93
The intermediate term trend has been UP since Sep 18th, 2019 at 2355.28
The short term trend has been UP since Oct 7th, 2019 at 2387.80
Smart Scan Analysis for MSILUSDP
Based on a pre-defined weighted trend formula for chart analysis, MSILUSDP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).