Index Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
S&P/CSE Consumer Durables & Apparel Industry Group Index (CME:SPCSECAP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 SPCSECAP
The long term trend has been UP since Oct 14th, 2019 at 941.72
The intermediate term trend has been UP since Oct 9th, 2019 at 905.41
The short term trend has been UP since Nov 13th, 2019 at 1010.73
Smart Scan Analysis for SPCSECAP
Based on a pre-defined weighted trend formula for chart analysis, SPCSECAP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).