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Index Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

S&P 500 2x Inverse Daily Index (CME:SP500TR2XI)

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_SP500TR2XI
Open High Low SP500TR2XI Price Change
16.37 16.52 16.35 16.42 +0.05
Entry Signal

MarketClub’s Trade Triangles for SP500TR2XI

long term down The long term trend has been DOWN since Sep 12th, 2019 at 17.51

intermediate term down The intermediate term trend has been DOWN since Oct 17th, 2019 at 17.54

short term up The short term trend has been UP since Nov 20th, 2019 at 16.50

Smart Scan Analysis for SP500TR2XI

Based on a pre-defined weighted trend formula for chart analysis, SP500TR2XI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for SP500TR2XI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.37 16.52 16.35 16.42 +0.05
Prev. Close Volume Bid Ask Time
17.74 0 2019-11-21 16:58:53
52wk High26.6552wk High Date2018-02-09
52wk Low19.3652wk Low Date2018-09-21
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