Index Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
S&P/CSE Energy Sector Index (CME:SPCSEEP)
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 SPCSEEP
The long term trend has been DOWN since Sep 10th, 2019 at 471.14
The intermediate term trend has been DOWN since Dec 18th, 2019 at 577.24
The short term trend has been DOWN since Feb 10th, 2020 at 542.41
Smart Scan Analysis for SPCSEEP
Based on a pre-defined weighted trend formula for chart analysis, SPCSEEP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).