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Index Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

S&P 500 Oil-hedged Index (CME:SP500OILH)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

CME_SP500OILH
Open High Low SP500OILH Price Change
6699.21 6920.64 6694.90 6905.81 +218.96
Entry Signal

MarketClub’s Trade Triangles for SP500OILH

long term down The long term trend has been DOWN since Jun 2nd, 2019 at 6401.35

intermediate term down The intermediate term trend has been DOWN since Jul 19th, 2019 at 7180.55

short term up The short term trend has been UP since Aug 18th, 2019 at 6706.67

Smart Scan Analysis for SP500OILH

Based on a pre-defined weighted trend formula for chart analysis, SP500OILH scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for SP500OILH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6699.21 6920.64 6694.90 6905.81 +218.96
Prev. Close Volume Bid Ask Time
7294.92 0 2019-08-19 16:36:55
52wk High10142.5552wk High Date2018-10-03
52wk Low5969.3252wk Low Date2018-11-23
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