Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P/CSE Diversified Financials Industry Group Index (CME:SPCSEDFP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SPCSEDFP
The long term trend has been UP since Jul 4th, 2019 at 760.50
The intermediate term trend has been UP since Oct 11th, 2019 at 855.05
The short term trend has been DOWN since Jan 7th, 2020 at 950.84
Smart Scan Analysis for SPCSEDFP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEDFP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).