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.
MarketClub’s Trade Triangles for SP500TR2XI
The long term trend has been DOWN since Sep 12th, 2019 at 17.51
The intermediate term trend has been DOWN since Oct 17th, 2019 at 17.54
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).
|52wk High||26.65||52wk High Date||2018-02-09|
|52wk Low||19.36||52wk Low Date||2018-09-21|