Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
S&P/CSE Energy Industry Group Index (CME:SPCSEEIP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SPCSEEIP
The long term trend has been DOWN since Sep 10th, 2019 at 471.14
The intermediate term trend has been DOWN since Sep 4th, 2019 at 480.71
The short term trend has been DOWN since Sep 3rd, 2019 at 482.75
Smart Scan Analysis for SPCSEEIP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEEIP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).